The world fair games worst off when the capitalism control everything.

Many said the rich support the poor. The rich actually taking more from the poor. Those rich guy set up SDN BHD company to channel their rental income.

& do you think the company paying tax?  no no no.

The company share holder is who? uncle, grand mother, grand father, mother, father and teenage son  daughter. They have the $$ to get someone to do their tax planning so that at the end rental income distribute in such a way that no one liable for income tax. Don't forget the they have the control power to over price the rental. How they control? there are a group of rich guy buying almost 40% upon each block and the rest 60% share by developer staff/ director and other public.

Hence the young couple usually buy the overpice but not so good unit on last launch and constantly being remind that the "last unit wo, you don't buy now later no more" tactic.

In away the price of this property being push, up up up. So the rich guy bought  the early phase ( usually with discount some more) gain the appreciation. So who is support who? The rich don't pay tax and they are the one that not allow demand & supply theory causing their property go up further.

I am not saying the rich don't pay tax. But not much lo. kacang only. They hire someone doing their tax planning.

Only the high salary earner paying high tax. Not the rich business man.

The rich do take risk but the level of risk is low low low risk but high return wo.

How?

The rich guy bought the property with discount, create the demand, they only come out with 5K booking fees. Yes, 5K only.

wait.... how about the 10% down payment or the max loan 30% apply?

Tthe developer give discount on early launch ma. the discount is said is 15%.

10% go to down payment and the rich one cash out  the 5% on buying these property.

the 30% loan cap? The company being set up in such a way that 30% loan cap not apply on sdn bhd. Best if it is "commercial" type condo. hehehe......

I hear now the developer bear the loan interest during consturtion, stamp duty free, s&P & loan agreement also free.

So the risk , kacang also

The property after complete rent out.

The rich also bear risk on property crash wo? how about this?

Agreed that rich bear this risk. The company is sdn bhd ma. If property crash - crash la.

SDN BHD ma. if SDN  BHD bankrupt. the owner still safe. Let the bank suffer lo.

So low risk but high return.

Why high return? Because they bought the condo at discount. Their rental yield sometime can be 15% on the price purchase price.

don't forget they still have this capital gain on disposal.

The condo that I am living now launched average price is RM 180k @ 220 units.  These group of rich guy play together sapu the property (7 of them ) sapu 88 units out of 220 units.  I am the one that buying this condo at 243k ( next to lift unit, view also not good one etc. ).

These condo currently some one offer  397k @ i property.

My sister daughter rented one unit here paying   2.3 K ( but partial furnished la)

2.3K x 12 months / (180 k- discount 15%) = 18% rental yield. after minus maintenace , MPSJ still getting 15% la.

I don't think my sister daughter and her b/f ( both graduated 2 years ago from upm) able to buy this condo without working & saving so extra  hard.

I hear these same guy buying last 2009 launch condo in bukit jalil.  So making more la since bukit jalil is so hot now.

I knew these because one of my course-mate doing  their audit. (  4 out of 7) and one rich guy is very active on my condo JMC.

So, how to control? maybe regulation need to come in. to limit so call the "bulk purchases" if let said after lauching for a while no take up. allowing these "bulk purchase".

So good luck to the youngster who have read this.

Just my opinion only. Hope some healthy feedback so that I can learn some from you. after all, u live & u learn.