I noticed a significant increase of low/medium cost flat/apartment (< RM100k) being auctioned lately. Why don't government collabrate with banks to promote these house to the poor/needy? If they are truely poor and just need a roof to live, they can't be choosy, right?

May be government can provide some incentive to those buyer, like tax break of RM10k over 3 years of tax assessment (for expense to renovate/clean up the flat). Bank can abosrb lawyear fee / stamp duty, etc as part of their corporate social resposibility and probably provide lower than market housing loan scheme.

Am I too simple minded or the above is worthwhile or possible to be implemented by the government with collabration from the banks? 

ps. I am not a property expert though, just my 0.01 cents. 

Yeah but the houses were meant for those with 3K household income right?  It is simply not logical.

Did I said that?
Nobody can stop you fr buying, you earn RM1500/mth, can commit 250k house..
but dun complaint money not enough..

KOTA BARU: Syarikat Prasarana Negara Berhad (SPNB) is waiting for eligible applicants for 11,000 units of houses it had built under the My First Home Scheme.

SPNB chairman Datuk Idris Haron said the houses, priced at RM220,000 each, were ready and that it was waiting for Govern­ment approval to start selling them.

“SPNB is ready to assist the younger generation who earn less than RM3,000 per month to own their first homes.

For Sharing

http://www.malaysiakini.com/news/163947

他指出，地产商要在巴生谷兴建22万令吉以下的房屋是不可能的事情，因为巴生谷就住有我国三分之一的人口，其地产价格的升幅也排名全国最高。唯有柔佛、威省和马六甲还有可能兴建这个价格的房屋。

He pointed out that developers in the Klang Valley to 22 million ringgit following the construction of houses is impossible, because the Klang Valley to have our third of the population live, the real estate price increases also ranked highest in the country. Only Johor, Malacca, Gateway province and also the price of houses may be built.

My personal view.

No gov intervention is preferred.
Most of the time, too many intervention measure by gov, can lead to inefficient issue.

Also, Gov intervention mean you open up channel for crony, political linked issue may arise.

Tax break for poor?
Most poor doesn't need to pay tax. Those pay tax means you at least earn 2.5k above.

The real and effective to do social responsibility, can come from RPGT.
Any property transacted >200k, RPGT is imposed.

Those RPGT money collected then can channel to build low cost housing as gov funding to build low cost.
This is a muchmore effective way of social responsibility.

or those property transacted below 200k, has a low flat rate stamp duty.

Just my view.

not all can benefit from that skim rumah pertamaku

Average Taiwanees own 1st property = 41 years old
which means,
1/3 of the buyers buy 1st property at age 25-40,
1/3 of the buyers buy 1st property at age 41
1/3 of the buyers buy 1st property at age 42-50

and dun forget, >90% can afford to buy condo / service apt as 1st property for own stay only

I feel lucky in Malaysia, wat bout you?

Most people in their 20s are NOT supposed to be able to afford property.

Why not?

While promising government action if home prices went up further, he said it might be premature to institute measures now.

The reintroduction of real property gains tax would be one such measure, and called on people to be reasonable in their expectations of house buying.

"There is no harm in buying a house in the outlying areas where transportation is not a problem. How do you expect a person who has just entered the workforce to buy a house, even though it is under the scheme," said Chor, adding it was also unreasonable for people to expect to buy a house on their first drawn salary.

we need foreigner to save our market ~
come come foreigner.. invest in bolehland 

+1 

Most people in their 20s are NOT supposed to be able to afford property.

But now we have fresh graduates demanding that the gomen impose various measures to handicap investors so that those 'young adults' can afford new, landed/big property in good location 

Morning everyone. For your reading pleasure 

Come invest in M'sia's booming property market, S'poreans invited
http://www.theedgeproperty.com/news-a-view...ns-invited.html

Indonesian can? they also contribute sooo much in clearing the jungle & developing our empty land, renting our low cost apartments..

indonesia kenot leh.. they bring RM back to indon ~ 
it worsen our economy !
singaporeeeee different.. they bring in singapore money.. they invest.. our gomen got charge this and that.. gomen untung.. masuk poket.. opps..
aii.. forgot bout one thing.. if they hold the props for few years and then sell it off.. they untung.. we rugi  T_T
but if the props no ppl wan't .. they rugi.. we dindt rugi anything 
aish.. pro's and cons.. but still i will hope more foreigner to invest in msia..
thats how we are able to achieve high income bracket ma~