top of page

RM1.5tril Household Debt Fuelled by Soaring House Prices

  • Writer: Bait Al-Amanah
    Bait Al-Amanah
  • Apr 3, 2024
  • 1 min read

Malaysia’s surging household debt, which has now touched RM1.53 trillion, has been driven by increasing home ownership and exacerbated by rising house prices, say economists.


Bait Al-Amanah research assistant Yugendran Sivakumaran said that the household debt is expected to rise by the end of this year, as well as next year, due to the Housing Credit Guarantee Scheme (HCGS) announced in Budget 2023.


Read more here.

Recent Posts

See All

Comments


©2022 by Bait Al Amanah.

bottom of page