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Priced out: Southeast Asia’s middle class abandons the dream of owning a home

As he neared his 40th birthday, Hafiz Sujang took a quick inventory of his life – a loving family, a steady job as an IT consultant in Malaysia’s largest city – and found just one missing piece: a home of his own. But as he took the plunge into Kuala Lumpur’s property market, the dream of escaping the endless cycle of renting quickly receded from view. “Most of the units I see are small and the finishes feel very ‘developer budget’,” Hafiz told This Week in Asia, reflecting on his so-far...


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