17 Jul '12, 3am

The question of housing (Part 2): Towards a sustainable solution: by Zairil Khir Johari The Malaysian Insider Ju...

by Zairil Khir Johari The Malaysian Insider Jul 17, 2012 JULY 17 — I have previously written about the housing situation in Penang, in which there is a stark mismatch between supply and demand. This mismatch takes the form of an oversupply of housing stock at both the lowest and highest range of income earners, while there is an undersupply at the middle-income range. For the bottom 40 per cent of income earners, the number of affordable housing stock doubles the number of families at that income range. At the opposite end, there are more luxury residential developments compared to the number of households at the highest income bracket, though this represents a completely different problem altogether. However, the real problem of housing in Penang is the unavailability of housing stock to supply the middle-income earners. Currently, there is a shortage of 70,052 units for ...

Full article: http://blog.limkitsiang.com/2012/07/17/the-question-of-ho...

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