Experts: Millennials less focused on home ownership

KUALA LUMPUR: The financial stretch continues to keep Malaysians living in major cities from realising their dreams of home ownership.

Among the younger generation, their major concerns are the property prices, which are now multiple times higher than the annual household income. It is not easy for those with no fixed income or low salaries to secure a home loan.

While money issues are already weighing heavily on people's minds, the younger generation's inability to afford a home is exacerbated by the fact that they are buckling under the skyrocketing cost of living.