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Exco says hike in Penang house prices in line with household income increase, but locals can still afford them

GEORGE TOWN, Nov 22 Penang’s residential property prices are getting higher in line with the increase in the average household income in the state, Datuk Seri S. Sundarajoo.

Analysts Describe Housing Prices In Malaysia As Highly Unaffordable

The selling prices of homes have become a significant barrier for individuals seeking housing financing, evident in the rejection of 86.1% of loan applications.

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