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 Why Malaysia's house expensive?, low RPGT (Real Property Gains Tax)

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mango27
post Oct 10 2012, 07:13 PM

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QUOTE(Helius @ Oct 10 2012, 02:56 PM)
I still think Malaysia property is cheap....

Y everybody say expensive?? Our neighbour next island is selling much much more expensive... China and hong kong much more worst...

So we still have a long way to go as I could see everyone still afford to buy now, just whether cheap or expensive... There are still plenty of house selling below 200k....

So don't complain expensive if u are not affordable... Not everyone are no 1 in a class since we were in kindergarten....

Learn it and accept it~~~
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Agree with you.. Although I do think that somehow our country salary growth is lagging behind.. But that is a diff story altogether..

There are 2 type if ppl who complain bout house being expensive that I despise..

Type 1: those who spent like 30-40% of salary in car instalment or don't mind paying 1k plus per month for cars, yet say house very expensive.. Just buy a much cheaper or 2nd car and save the money for house instalment la..

Type 2: those who want cheap house in prime location but yet complain those flat below 200k not for human live one.. If can't afford then they pretty much belong to the same as the "non human" who live in the low cost apt la.. Want to look down on ppl when ownself can't afford also..

Many also have the "tongkat mentality" wanting gov to give cheap house.. Like PR1MA, think in the end since its cheaper, then poorly maintained, then ppl complain again..

In the end is really down to your own mentality and perception.. Do something about it, or just sit there wait and hope property price will drop until the 90s price..
mango27
post Oct 12 2012, 03:13 AM

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QUOTE(MisterLeaf @ Oct 11 2012, 02:47 PM)
If Malaysia's house is cheap, how come government launch Prima or other affordable house project?

There are 2 type if ppl who said it is cheap.

Type 1: Own a house, maybe more than 2-3, then keep saying the house is cheap and hope to sell more expensive or rent more expensive.

Type 2: Not staying or working in Klang Valley.

Don't think we really hope the price drop until the 90s price, it is impossible. We just want reasonable price, is it wrong?

If you really do a good study, you will find out that the house price hike a lot since 2007/2008. The Previous 5 years before that is OK and acceptable.
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The reason that government launch PR1MA and other affordable house is the same reason that they give bumi quotas... people tend to like a piece of the pie even though they dont do much to deserve it... in other word, the "tongkat mentality"... we cant live on subsidies and aid forever...

I think PR1MA concept was good initially... but then they change the criteria for balloting... our country has some good policies, but as always, our implementation is bad... low cost landed in Rawang and Bkt Beruntung just left there for dust... shows that people still choose location over affordability...

I do not think house price is cheap in Msia, but i still think its affordable... I just do not like the fact that people complain about it but not changing their lifestyle nor do anything about it... why i say its still affordable because the unsold properties remain constant for the past years... shows that people are still buying despite the price hike...

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I own one house for own stay and yes I'm working in KV... back in the 90s i've already started hearing people saying house price is getting expensive and bubble will come... the price surge was more on year 2009 actually, but there are many underlying factors that cause the surge... like it or not, property growth is part of economic growth, its kind of inevitable for a developing country like Msia...

 

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