In Malaysia, Transport Minister Anthony Loke suggests reducing parking space requirements for new developments near public transport, potentially lowering property prices. This approach aligns with trends seen in cities like Melbourne and Hong Kong, where high parking costs drive up real estate prices. Residents may need to adapt to a bit more walking.
The REHDA Institute argues against a uniform housing policy across diverse states, emphasizing differing demand and supply dynamics. Experts suggest refining existing quotas based on net disposable income for better affordability assessments. Utilizing idle land and allowing flexibility in property sales could enhance housing availability and investment potential, benefiting broader socio-economic conditions.
How do we know if a certain city has a housing crisis? Note, this is not a term dreamt up by me yeah. This is a term from the media on Australia’s property market. Let’s just look at Melbourne which is one major city. The below are the ‘lowest priced’ and ‘new property’ in Melbourne. Data as at 2nd December 2025. Source: realestate.com.au