19 February 2014

Nilai - gains the Highest score in housing affordability index as people there can afford bigger houses or invest in a second home, according to a survey commissioned by Sime Darby Property.

  19 February 2014


 Real estate developers should target residents from Nilai, Bukit Subang and Bukit Jelutong, as people there can afford bigger houses or invest in a second home, according to a survey commissioned by Sime Darby Property. Based on its housing affordability index, Nilai garnered the highest score of 160 points, followed by Bukit Subang (129 points) and Bukit Jelutong with 123 points.

This means residents there have excess income to invest in the property market, said lead researcher Noor Rosly Hanif, former Dean of Universiti Malaya’s Faculty of Built Environment. “Home owners in the areas surveyed consist of the middle to upper income groups, who hold tertiary academic qualifications and managerial jobs,” he added. Moreover, the study discovered that Bukit Subang residents have a median monthly household income of RM17,310, while those in Nilai and Bukit Jelutong bring home RM9,430 and RM9,670 respectively. In general, respondents spend 16 percent of their monthly income on transportation, 15 percent on food and 14 percent on their housing loans, revealed the survey.

 Overall, the study polled 1,183 home owners across 12 locations such as USJ, Kajang, Melawati, Mont Kiara, Denai Alam, Subang Jaya, Putra Heights, Ara Damansara and Bandar Bukit Raja. PropertyGuru.com.my
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Thanks for reading Nilai - gains the Highest score in housing affordability index as people there can afford bigger houses or invest in a second home, according to a survey commissioned by Sime Darby Property.

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