My Penang friend told me that the starting salary for a non-graduate in Penang is MYR 1,300 and for a graduate is MYR 2,000. They can buy a low cost house or flat for MYR 80,000. This represents a ratio of 60 months for the non-graduate and 40 months for the graduate, and is based on 1 person's income. This is affordable.
In Singapore, a HDB flat cost about 70 months of the combined income of two working parents. This is too high.
In Singapore, a HDB flat cost about 70 months of the combined income of two working parents. This is too high.
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