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M'sia home prices at 5.5 times of median income

Khazanah Nasional survey finds the figure above that for Singapore, US and the UK

Khazanah cites high profit margins as one reason for the high relative housing prices. Developers contend that home prices are not exorbitant given inflationary pressures, and that the main problem is Malaysia's wages have failed to keep up with living costs.

Kuala Lumpur

IN median income terms, the average home in Malaysia costs more than in Singapore, the US, the UK or Ireland - one reason being the hefty profits made by builders, according to a survey by Khazanah Nasional.

If affordable housing should cost three times annual median