According to the The Star article dated 30 May 2018 entitled “Bank Negara said to have overpaid for land bought from MoF”, Bank Negara is believed to have overpaid for the land it had bought from the Finance Ministry (MoF) when it forked out RM2.066bil for the 67.41 acres.
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According to the 4th quarter 2017 data by National Property Information Centre (NAPIC), only 39% of new housing launches were priced up to RM300,000 over the years 2016-2017. This is insufficient to cater to the demand by 50% of households in Malaysia earning up to the median income.
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The monthly income of RM2,700 for a single adult in Kuala Lumpur published in the Bank Negara Malaysia 2017 Annual Report does not refer to the median income.
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Bank Negara Malaysia
Jalan Dato Onn
Kuala Lumpur
Phone: 1300-88-5465
Fax: 603-2174-1515
