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You do not need to hire McKinsey consultants to advise Najib that RM3000 monthly income can only afford for RM100,000 flat unless your father is a minister who can fork out RM300,000 for your RM400,000 apartment.
The starting salary for fresh engineer is stagnant since 90s, but the house price rises up by three- or four-fold in the same period.
Property prices in Malaysia with GDP 7,500 per capita is ridiculous high, 90% people born after 80s cannot afford to own a house with their income.
Najib denies first home scheme is a failure
By Shazwan Mustafa Kamal March 22, 2012
PETALING JAYA, March 22 — Datuk Seri Najib Razak today defended the viability of his administration’s My First Home scheme, saying that it had garnered a 36.6 per cent success rate so far.
The prime minister was responding to a question posed by a listener during an interview with Chinese-language radio station 988FM.
He denied reports that the scheme was a failure, saying that the success factor has been “significantly good.”
“Report is off the mark, according to Bank Negara success rate is at 36.6 per cent. Hundreds of applications […]
