That's just an example of tax evasion though, not that Malaysians are poor. I don't think Malaysians in the Klang valley are poor. Many are businessmen and almost everyone has side income that isn't taxed.

What we must choose to be either bull or bear?
It is about personal level only, it did not mention the corporate level.
Lot of wealthy person has wealth under company level.
In fact, corporate/company tax rate is lower than personal tax rate.
Corporate tax - 25%
Personal max tax - 26%

Eg.
You can be a company CEO that own 99.9% of the company, you can have 50k annual remuneration, but company is earning millions of profit.

While holding properties under company potential has more advantage compared to individual holding, in term of expenses incurred, tax relief etc.

Has you seen an apartment or a project, a company bought 8-10 unit or almost whole floor or 2?
I had seen before.

our household debt level worst than US
Our economy is heading the portal of HELL

i just cant understand how come rental never increased 

today demand is >>>>>> supply but 90% are goreng kaki. My ex business partner bought 70 units of condo and whole street of shop lot for goreng, release all in 6 months and repeat again.

yes, number of expats has drop - they are the high end tenants.
how about our local tenant who rent a 3 rooms apartment? apart from the income didn't increase accordance to (the actual) inflation, what could be the other reasons

NEP is something like robin hood, rob the rich (oppurtunities etc) subsidy the poor (ppl or company). so everyone somehow are equally poor now. (unless u go work/invest oversea withno such policy )

NAP/NEP is to help cronies to become richer.

Yup...if lucky, we normal employee still can survive with low salary but unfortunately,younger generation find it hard to do so coz by the time they come out this cruel n competitive society,they barely can catch up...maybe can get 600sqf n stuck together lo.tat time hkg ppl will laugh at us!!!so big place country n full of resources,at the end bcome like them...

sungai buloh will be the place to build the affordable houses 

RM3 for RON95 will impact alot.. ahhhhhhhhhh
i hope we don't have to pay for RM3
as we're petrol importer...
what happen to those money gained by PETRONAS as for now the fuel per barrel is so expensive.. masuk poket kah.. keep on burdening rakyat... damit

You can't build a reliable bus system that earns money mostly from fares. That just forces bus operators to maximize their income by sticking to the most heavy volume routes only and to wait for the maximum number of passengers before moving. This also encourages drivers to be creative about their route to make more money. Instead, you need a subsidy system that rewards bus drivers for being reliable. You need a timetable such that the bus should appear at each stop on the indicated route at a specific time. You'd need some electronics to monitor all this but the idea is that bus drivers get rewarded for sticking to the schedule as closely as possible.

You probably can't build an efficient public transport system based on usage fees alone. You always need a subsidy from car users. The trade-off is that buses use the road infrastructure more efficiently so it's justifiable to tax car users more heavily on road / petrol taxes and the like to fund public transport.

Buy a new condo, totally blank one.
Renovation, furniture stuff, even only renovate the most simpler, basic, 50-100k is norm.

A sofa cost you >Rm2k, bed >1k, cabinet, table, especially nowadays wooden stuff is very expensive.
Those furniture alone >10-20k on the most basic.
If customised even costly.

Not yet count the kitchen stuff, another 10-20k.

Electrical wiring >5-10k.

http://valuestockplus.net/2007/07/15/inves...by-mark-mobius/

“Do not be afraid of taking risks. Without risk there is no way your portfolio can achieve superior investment returns. Risk is everywhere, it is something that appears dangerous not only to you but to everyone around you. But, at the same time, risk-taking must be carefully planned and researched so that your chances are better than 50/50. This is not roulette.

i'm 25..a fresh graduate graduated from UK majoring in finance just landed on a Management associate job in 1 of the MNC in Malaysia...

starting pay- RM2300 (to be revised after completion of the 2 years training program)

feel like freaking stressful when talking about this property prices..

For others may perceive that Foreign grad that got a MTP job in MNC seems to have a lot of bright prospect but i seem myself very gloomy future down the road....

I am local and my great grandfather follow Yap Ah Low to develop the KL raw land ...but now seems like i can't even have my own 5 feet place to sleep( to own a house) *those speculate jerks who didn't contribute to the economy but everyday just going to new launch development site to sign a few S&P documents ,few more months back pass back the title to freshie like us and earn the "jackpot" with appreciation gain out of nothing...

People like us work like hell from 9am to 9pm in MNC just able to fork out few hundreds to save in a month...

But people like those freaking rich auntie just buying properties like buying vegetables ,5 units in 1 new lauching project, b4 get CF, gain 50k appreciate, Sell... 50k x 5 = 250k

we freshie only managed to save RM300 per month, it will take how long to reach RM250k... but auntie just put few thousands for downpayment to developer, few months later, magic show starts, RM250k cash in ..wink ^_* ( definately she will sing the Rihanna's song .. don't stop the music.. come ..young man..keep buying.. agent asking buy now ..if not few months back increase again... developer asking.. no bubble.. buy buy buy ..so that they can sell to u more more more at HIGHER and SKY HIGH Price) i knew i ady have written in a very emotional way ady... haha..but i just can't help it...

ok..after emo from my right brain.. it's to use my left brain to analyse..

According to Property Price to income ratio, Malaysia seems quite low compared to Japan, Hong Kong, Singapore, China ,Taiwan, Korea (see any similarities ??)

1. They are all Chinese origin, we Chinese custom from 5000 years back, die die must have a house to start a family)

2. They are all very developed country in economic sense...but Malaysia?? hehe..are we??

this is what I object what the agent said about Malaysia property price is much cheaper now compared to Hong kong and Singapore...
but ahem..excuse me...do we earn as much as HongKee and Singaporen or Japanese?? what are their GDP per capita???

World Ranking (by USD) GDP per Capita as at 2010 (sources from IMF)
http://en.wikipedia.org/wiki/List_of_count...l%29_per_capita

15  Singapore  43,117
16  Japan          42,820
24  Hong Kong  31,591
25  Brunei          31,239 (surprise me, Brunei.wow)
33  South Korea  20,591
37  Taiwan      18,458
50  Libya          11,314 (lol..even Libya just got attack also doing  better than Malaysia by far percentage..are we ashamed or not?? )

65  Malaysia            8,423
94  China                4,382 (dun forget PRC has 1.3billion ppl)

(comment a bit above)
Singapore, Hong Kong, Japan,Korea needs not to say..They ady get rid of medium income trap.. their economy can producing high value add on products and rakyat enjoy high income so that high property price still can sustainable...

moreover, Singapore and Hong Kong do have a protective security net for low income group, they can't buy private house, still have "HIGH QUALITY HDB Flats" for the citizen.. but What About Malaysia???

Our Goverment said RM3k is considered HIGH INCOME group?? but bloody hell..do u think RM3k alone can afford to buy a house??? say cheers to urself in tat particular month if u no need borrow RM300 from ur parents or cash advance from credit card if u r living in KL...

so.. I earning 3k ,Gov said i ady high income group, suppose I should not have the problem to own a property ,rite? since I am so "success".. but the fact is ???

what about those low income group below 3k??? what about the new generation future?? yeah.. 18 years education n training in Malaysia... Singapore Gov get it all talents for free.. TQ very much for ur highly productive workforce n cheap as well...

okay..come to an article on Household debt in Malaysia – Is it sustainable? — S.M.Mohamed Idris
http://www.themalaysianinsider.com/breakin....mohamed-idris/

According to Bank Negara’s Annual Report 2010, Malaysia’s household debt at end of 2010 was RM 581 billion or 76 per cent of GDP (Gross Domestic Product). The Bank claimed that the household debt is still manageable because of income growth, high levels of savings and favourable employment opportunities.

Malaysian household debt service ratio
39.1 per cent in 2006
49.0 per cent in 2009
47.8 per cent in 2010.

(Meaning to say earning RM100, almost half of paying off housing, car instalment, credit card)
left RM50, then what else?? not to say
1）insurance (getting more n more expensive due to medical inflation)
2) daily meal allowance ( food price hike like hell, sugar,what else?)
3) utilities ( TNB naik lagi)
4) transportation (no more subsidy, transporter said wanna increase again)
5) ptptn fee
6) children tuition fee
7) grocery
8)internet
9)mobile
10) basic entertainment (movie..etc)
11)parents allowance
12) car maintenance
13) gf maintenance
*take note, item 12 or 13 could be very expensive too ..hehe ^^ depend on individual
14) savings (Masih ada meh???? sudah negative lor ....)

n Please pray to God or Allah or Buddha or whatever, that no1 in ur family fall sick or need emergency treatment, as 1 minor surgery could cost you nearly bankrupt....

and Answer to BNM item 2)high levels of savings
1)we young generation will have no money to save
2) Old generation save becoz they don't see any productive economy opportunity to invest, or worried for the future, only thing, goreng stock and goreng property la..is it health to an economy??

and BNM item 1) income growth and 3)employment opportunities are in certain correlation from my point of view..

as what Najib is proposing ..ETP (yes, Economic Transformation Program)...sounds glamorous and  shed a light to a gloomy gen-y youngster like me..

What I only know..Mr.Prime MInister.. sebelum kita jadi HIgh Income Country, sekarang ni sudah High Burden la...apa pun naik, gaji tak naik...
have a look on the latest http://www.statistics.gov.my/portal/index....emid=89&lang=en

my lecturer said , he earns RM2300 in Standard Charted Bank also once he graduated back in 20 years ago...
but now , I also earning RM2300 after graduated from UK..

at that time, he bought a bangsar landed property just cost him around RM30k..
i just check on bangsar landed property just now, it shows Bangsar,RM13,2Million (RM380.00 psf)

Bangsar Property price increased by 440 x
Fresh Grad Salary increased by          0 x (stagnant )

once again- well done.. Bolehland!!!

let's talk about Income growth and Employment Opportunities...
definately we Malaysia ady fall into Middle income trap countries..
To producing high quality services and products like Singapore, Hong Kong, Korea and Japan （Can we or Do we able to fight??)
(Singapore and Hong Kong have a world class financial centre, logistic port, free corruption n busines friendly environment, do we have tat???)
(Japan can made high quality and cheap Toyota or Korea can made hyundai or LG)
What We Malaysian proud of ?? Making Proton cars ?? but still need protection??? and cost we Malaysian paying so high instalment for a ok ok proton for such a high price and sacrifice our quality of life...

To achieve a high income country > to able produce high value of services or product n efficient > can we product high tech or value product services > (do we have tat talents?? or able to attract the talents or could we have the efficient and skillful workforce???) > to attract those talent > what is our gov policy or our current environment??

write till here...my paid is freaking low(RM2300 for junior)..but the same equivalent job i could earn about SGD3500 in senior position (about RM7500).. about 3x what i earn in Malaysia...

so don't say we young generation not loyalty or to serve our country ...(but i dunno why i still serve my contribution in Malaysia becoz my family is here .. n I still love KL n it's my root)

btw,1 last sentence..
Looking at the problem from the ratio of household debt to disposable income, this ratio is 140.4  per cent for Malaysia, one of the highest in the world; above that of Singapore at 105.3  per cent, USA at 123.3  per cent and Thailand at 52.7 per cent in 2009. This means that the loans taken by each household in Malaysia is on average 1.4 times more than its household income. 

yes.. no.1 in the world 140.4 percent for household debt to disposable income ...yes..we r more serious than sub-prime buyers in U.S and yet ppl say we Malaysia will not happen that what happened in U.S...

i just wondering if ppl stop repaying their repayment n go bust, Banks surely are the one whose get affected drastically....if bank no money channeling out money out...surely tighten of credit supply...a mere property price bubble burst could trigger the stock marke collapse hence the hit into the real economy....it just like what happened in 1997..

perhaps 1 big event i believed which might started in China will initiate a contagion effect on the Asian region and sweep away all the excess liquidity in the market and once again 1997 Asian financial Crisis will once ..the history repeat itself again.. it's a circle anyway driven by human greedy n fear...

so.. the music chair ..see when the music stops la...

n i think very soon .....