95% of civil servants below 30 don’t own houses, says Cuepacs

Azih Muda.

KUALA LUMPUR: Almost 95% of civil servants aged below 30 do not have their own houses, according to Cuepacs president Azih Muda.

He said this was because house prices were too high and civil servants could not afford them, adding most of them earned RM4,000 and below per month.

“Also, about 75% of civil servants aged 40 and below do not have houses,” he told reporters today at the CIDB convention centre.

However, he was unable to give actual figures when asked, only giving the percentage.

Azih said although there were reports of many unsold units, these were priced at RM300,000 and above and, therefore, out of reach of civil servants.

He added that most civil servants could only afford to buy houses priced below RM250,000.

“The price of affordable homes set by the ministry is too high. It should be below RM250,000.”

He said, about 55% of the 1.6 million civil servants had taken loans from the Public Sector Housing Financing Board to buy houses.