HOUSING IN KUALA LUMPURGenerally th

HOUSING IN KUALA LUMPUR
Generally the City Hall Kuala Lumpur adopted the house prices structure as
proposed by the Ministry of Housing and Local Government, especially for low
cost housing which is at RM42,000 per unit ceiling price. But for the low
medium cost housing, the price structure is a bit different from what has been
proposed by the Ministry due to higher cost for development in Kuala Lumpur.
The price are ranging between RM42,001 to RM85,000 per unit and targeted
for household with income between RM2,001 to RM2,999 per month.
Based on Draft Kuala Lumpur Structure Plan 2020, currently there are
328,205 units of house (excluding temporary houses) as compared to total
household number of 348,800. It means that, Kuala Lumpur still lacks some
20,595 unit of house if the objective of every family to own a house is to be
achieved.
The present housing stock according to the price category is at 3.5% for low
medium cost housing as compared to percentage of targeted group at 20.5%
within the affordability level associated with this category. There is clear
mismatch between the people affordability and house category available at the
market currently. For low cost housing the number is nearly achieve the target
of 30%.
Table 6 : Existing