For decades, Malaysia has introduced numerous affordable housing programmes under various banners like Rumah Mampu Milik, Rumah Selangorku, Residensi Madani and Perumahan Rakyat 1Malaysia or PR1MA.

Regardless of branding, their core objective remains identical, that is, to make home ownership attainable for first-time buyers. Yet, a fundamental question remains unresolved: How should affordable homes actually be priced?