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Financial Are property prices going to drop? V2, The heated debate continues

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interferens
post May 16 2011, 01:15 AM

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QUOTE(lucerne @ May 12 2011, 11:52 AM)
http://www.themalaysianinsider.com/malaysi...nd-high-prices/

He said, however, he sympathised with Rehda over “indirect taxation” which came in the form of developers having to build public utility infrastructure which added to the cost of residential property.

“We too have lobbied for such infrastructures to be carried by the respective public-listed utility companies because they are business ventures,” he said.
when msia govt short of $$ (due to corruptions, leaks etc), i think more and more developers need to bear the cost of infrastructures eg bridges, flyover, tunnels, new access roads, road widening (eg rawang by gamuda, guocoland etc ), drainages, lanscaping, subsidy the mrt/lrt land for schools, carpark, garden, masjid/surau etc. At the end the extra costs will pass to the new house buyers. So expect the home price go up more. it is just like the new home buyers subsidy the govt to build all the above infrastructures. (Msia boleh!)

The old home buyers will benefited the most as old days the developers do not need to build so many infrastructures (as the traffic is not busy/complicated etc) and they can now enjoyed the rocketed price rise. eg BU in 80s,90s--no brigde, tunnel, flyovers etc. Now the new house price from SHC, Berjaya, Mammoth, MK etc already include all the above facilities..(all developers need to share the costs). The more developments the more infrastructure needed to cater for the needs of resident (old and new). Unless they stop new launchs which is impossible. Expect to see more flyovers, infrastructure in Damansara (but the govt will not going to foot the bills, it is u..)
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so do you expect ALL Malaysian need to pay for the utilities for new developing area ? you want to stay there but all people need to pay with you...government money is people money...

i think current practice is right, you chose that area because you want all the utilities and facilities, so you need to pay for it, let peoples money goes to better education, preventing crimes so our country will be more prosper in the future....
interferens
post May 16 2011, 09:30 AM

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QUOTE(kochin @ May 16 2011, 08:47 AM)
government is suppose to pay for it in the first place. that is why many many taxes are there in the first place.
if developer pays for all related infrastructure, why do we need to pay taxes?

fyi, when a developer apply for utilities eg telekom, water, electric, etc. they are also mandated to build their own PPU, PMU, SSU, waterline, etc.
sometimes, they are even required to surrendered some part of their land for these purposes. build all these at their own cost. upon completion, have to beg them for inspection and acceptance. once the utility company accepted it FOC, they start to charge customers for the usage. do you still think that's fair?
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taxes money can goes to education , healthcare, defence, road and environment maintainance, garbage managment etc....

do you know how many of public servant working in education sector ? 614744 peoples out of 1.3 mil

do you know how many public servant working in helathcare ? 228822 peoples out of 1.3mil

total of that is 843,566 peoples out of 1.3 mil it is 65%

most of the tax will goes to their salary+emolument

source : http://www.jpa.gov.my/status/index3_1.html



interferens
post May 26 2011, 08:27 AM

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i have followed this tread since 2008, many said that property price will goes down next year...until now, the price still up up and up

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