In the past 3-4 years, we have seen property prices rising rapidly across the country, primarily driven by artificial demand i.e. speculative activities. The market prices have gone to a ridiculous level to a point that it frustrates both real house buyers and property investors. Most of recent new launches in Klang Valley are priced from RM600psf and above. Developers are only interested in maximizing their profits by offering similar products i.e. mixed development.

However, in the next five years, 1,000,000 quality, affordable homes will be build - both by public and private sectors. This includes 500,000 PR1MA houses, where their prices will be at least 20 per cent cheaper than the market prices.

Now, this is a good news for everyone, unless, you are property speculators.

1. Will this be the end of speculative activities we are hoping for?
2. If you are a property speculators, what would be your game plan now? Sell, maintain or buy more?

Kindly discuss.

its a joke.

for example, prima 1 at cheras alam damai which consist of 2000+ units, a high density project.

as we all know, low density project usually price higher, high density project usually price lower due to more unit more profit can make.

a good example is old klang road parklane, over 4000 unit and their price is about 30% cheaper than the market rate. palm spring kota damansara also about 20% cheaper than other when it launched due to 2000 units.

so, if 2000 units and 20% cheaper, what so special? i can say any high density project always cheaper than others. what our government need to do is: approve the high density project. thats all, no need to come out a single cent.

This post has been edited by chulk: Apr 9 2013, 12:23 AM

Build it 1st. Tok later. Dun giv false hope b4 GE.

Market price is the catch... Hahaha... Who determine market price?
By the time they build, market price already 800psf, 20% cheaper, will still be 640psf....

Please dont come here to spread your political agenda especially election now. This is a neutral forum. If they want to do it, they already doing it 1-2 years ago. Now election, you want to talk, talk, talk. All these PR1MA is just talking BS, period.

tok kok la, launched RM64M mosque but then warn citizen the project will halt if change gov.. haihh..

Dear all,

This is NOT a political discussion and please don't turn it into one. If BN win, 1,000,000 houses will be built in the next five years. If PR win, 1,000,000 houses will be built in the next five years too.

Either way, property speculators, you all going to lose.There is no way to sustain the current ridiculous market prices. After causing sufferings to others, perhaps, it is your turn now to suffer?

I am interested to know your game plan now.

I agree with you bro. The way things are going, only those earning 10k above can buy a landed property.

Let c who lose 1st. I bet u with ur d1ck head.

Sori if I hav offended any1 with vulgar word.

Guys, 1 mil affordable properties in 5 years? Dont be stupid la. BN or PR all wanna be santa claus now. Come on be logical. This is malaysia. U think things move so fast? Some more we all know even taikor developer would struggle to build that in 5 years. It is election talk ler. Purely. If they can build 100K affordable houses also good enough already ler. I feel sorry to those who believe politicians. Empty promises most of the time!

Honestly even if they could built cheap i dont believe the finishing will be good, if high rise it will be worst if without a good management.

What is your budget and location of property u looking at ?

It depends, u can get cheaper landed in KV too depends where and what quality you want.

i think better we don't speculate.

if sp setia build those unit. I think the quality should be around there.

i pretty sure not in 5 years.
SP Setia already announced that their affordable properties in kampung ikan emas near Jln Loke Yew will start in 2019.

I believe it will be some landlord end games@ those direct complete with this 200K to 300K segment.

The theory of demand and supply la.



This post has been edited by tikaram: Apr 9 2013, 08:57 AM

Yeah betul. But these politicians promise in 5 years. I highly doubt

Well, put that 5 years aside, i think some, not all will get affected. Those who are holding many high rise may get affected a bit

Ya I believe BN can build it!...IN HELL!

P/s : Dun talk nonsense here

This post has been edited by UFO-ET: Apr 9 2013, 09:07 AM

Yes true actually now i heard many complaint of setia alam buyers quality isnt that good.

Some people wants cheap, cheap houses still available bkt jalil talam ex project quite strategic located now and next to many upcoming nice project.

If someone want cheap and good quality , good location than keep on dreaming la.....

will affect a bit but not all.
not sure about the real procedure but generally we believe there are some hidden agenda, like bumi quota.

PR1MA house = cannot rent out, cannot sell in 10 yrs and must be Malaysian own stay - that means no pak hitam, bangla, pakistan, indo, ME, etc etc .... sounds good to me...

Idiot! If like that stop using "Keep calm and vote for BN"

Cheap things wont be good, good things wont be cheap end story.

Cheap houses still a lot in KV dont have to wait for PR1MA

Cheap things wont be good, good things wont be cheap end story.

Cheap houses still a lot in KV dont have to wait for PR1MA

----------------------

ya... but these cheap house rented to UN people

PR1MA not really cheap, it is affordable.

+1, no rental and living side to side with local is the best. Neighborhood relationship has weaken in Msia, PR1MA might able to bring it back.

no offense bro,

no one knows what will happen. How do you know PR or BN will build 1mil of houses of they win? anyone here can confirm?

Jus wonder...
Is there maintenance charges in these PRIMA project?
If Yes, what will the chances of the owner of all these units pay promptly? These are usually the struggling group isn't it?
If No, who is going to maintain or upkeep the condition of the place? What will be the condition like in 5-10yrs?

you make my day....vote BN lol

giv me an succesful example that BN did in real estate projects ?

GE come, i say i will build 100000000 bunglo under 100k oso can.

I will vote for you

BEE-END Proposed 1 Million Affordable Housing Project

SELLING PRICE: RM 40,000 - RM60,000 (AFFORDABLE !! SAME PRICE AS A MYVI !!)

Specifications:

Project Name: PREE-SON SERVICED SUITES
Size per Unit: 100 - 150 sqft
Per per Sqft: RM400
Maintenance: RM0.50 per sqft
Units per Floor: 100 units
Floors per Block: 25 floors
No. of Blocks: 10 per site
No. of Sites: 10 sites in Broga (Walking distance [Marathon] to future Kajang MRT station)
10 sites in Kuantan (With exclusive Lynas plant view)
20 sites in Sarawak (With amazingly greenery view)

* All units are fully furnished with JIBKO Designer Bunk Bed (With built-in wardrobe under the bed), ROXMA Wind Powered Table Fan, TAABS Solar Powered Table Lamp.
* Since this is a SERVICED SUITE we will have at least 2 WARDEN to serve you at each floor!
* We know you are afraid to bath alone as some Japanese Ghosts might just appear behind you! PREE-SON SERVICED SUITES offer a Luxury 1,000 sqft shared bathroom & toilet at EACH FLOOR! Where you and your neighbour can rub each other's back (1 Malaysia Spirit).
* Infinity pool at the roof? No that's not enough! PREE-SON SERVICED SUITES offer a 300 sqft Infinity pool at EACH FLOOR! A place where you can wash your clothes & dishes while watching your neighbour swims.

For any queries please contact rakyatkerjakuatkamirompakkuat@gmail.com

This post has been edited by johnlaw: Apr 9 2013, 12:25 PM

Be End must b gd fren to uncle Lim. Looks alike the 1st world hotel.

Now I kno why they digging out so many 2004&2005 income tax filing lately.... Must be greatly in need of large funds....
Why 2004&2005? It's the 8th & 9th yr ago tax where higher chance of ppl not able to produce prove.....

This post has been edited by AppreciativeMan: Apr 9 2013, 12:39 PM

Both political parties must be almost equally strong.

Malaysia needs a strong OPPOSITION which has been good for the nation so far. Regardless who wins, whichever party that win now has to do something about affordable housing and low-cost housing to relocate and upgrade some areas. Whichever ruling govt must be kept on their toes.

Bear in mind, 1 million homes are nothing... we are here talking about nationwide. We have many millions of people without owning a proper home - some living under some no-maintenance kampungs. I would love to see at least 30% of it goes to poorer states like Sabah, Kelantan, Terengganu, Kedah and Sarawak.

I thought all the receipts only need to keep for 7 years?

NO!

is bcoz, BN need to reserve some units for next election purpose!
if all built within this 5 years, next election what other "sugar" can they use?

I believe in 5 years time market value already double. Thanks to our hardworking speculators.

That's what lots of ppl think....
And this is how they catch ppl off guard.....
They still do hav the rights to pursue years and beyond.....
This 2 morning I hav been visiting their offices.....
Got to know many ppl got such pursue from them too....

Sound like coming from your own experience

Of course.... I mention I visited them twice this 2 morning....

I meant personal experience

Imagine millions of PR1MA or Pakatan Affordable Homes surrounding KL

Imagine millions of PR1MA or Pakatan Affordable Homes surrounding KL

---------------------------

developer eat grass...

NOPE!!!

20% is nothing. Some developer already offer 15% up front and DIBS.

affordable homes should be at 40% off.

To control the price, the government needs to control the foreign investor as their purchasing power is super high. Impose property tax up front at 30% and they can only buy leasehold property as they are foreigner else you will surprise a big piece of land belongs to a foreign country.

If foreigners can't buy freehold, will leasehold properties more expensive then freehold?

mind to share where is this location?

Location: .... give a guess... it has a river and highways. Near KL City.

Kampung Baru?

Yes... Kampung Baru Developments if go well will become the most dense place in Malaysia due to small parcels and high plot ratio* *depends on commerciability.

this is already a /k/ topic. Talk, talk, talk, talk.....

yup.. talk no need money.. its easier to talk than to do

Unless there is a new law, i will say this is 100% no go. Do know that dr.mahathir had tried it before but not successful? Tanah pusaka is not easy to handle especially when the malays who live there already got children and children got grandchildren. The longer we wait the harder it is to get everybody to agree

Affordable housing program if it works great.
Lets take an actual example, Sime Darby has an on-going example at Bandar Ainsdale outside Seremban. The first phase priced town houses from RM160K. I think the smallest unit is like 700-800 sq ft. Do you guys think its good value and cheap? For RM160K, you can still get a landed property in NS.

Sorry i cannot find the difference between cheaper and affordable, lets take an example esplanade selling 1.35m so to what price is affordable for u ?

This post has been edited by natman: Apr 9 2013, 08:15 PM

+ 1111
i always got chance to visit PPR , i wonder PR1MA = privatize PPR . OMG , trible parking, dirty n smelly lift full of bad word , motorbike get fire at night , rubbish ,used furniture put on the walk way n staircase , post box become the store n point to collect or trade drugs , young 'rempit' boy n girl mix arround ....

do U want ur child growth in this environment ?

i do not mention break-in case , fighting n others criminal coz it happen every where .

Last post here. Another meaningless thread.

keep calm and vote for bn?

Instead of blaming on speculative activities. Why?
1. Malaysia is ranked second money outflow in the world.
2. RM keeps depreciates against major currencies. Oh please, never compare with toilet paper USD.

Mind u, to build a strong economic & high income nation, keep subsidise the local poor OR the foreign rich, is NOT the way.

Everyone, vote wisely please...

Wakaka. Good one!!!

I will vote for Perlu Runtuh, if they don't perform exceptional well, easily can vote them out come 2017/2018,

GE13! Change of Era!!!

ehh.... so if prop price raise 25% in 2 years,
Assuming Gov always lag by few years before they kick off their major plan (say 2 years la.. like LRT and MRT case)
lets say after 2 years, Gov expecting to sell these houses 20% below market price at that time
so new buyers are expecting to buy at current price la?? not so bad la....

This post has been edited by twincharger07: Apr 9 2013, 10:35 PM

i tot SPS quality is questionable, look at the amount of complain and defects from SA and SW..

PR1MA has its own regulatory system and habitation rules. As mentioned before (in the original PR1MA thread) it will be part of an Act which will be tabled in Parliament.

As of now, things are put on-hold. But construction has commenced in the PR1MA Nusajaya (Johor).

Also bear in mind, we should only talk about 500,000 units as PR1MA. The other half is normal PPR but in other states (so some state agencies will be involved), unlike the KL ones which are solely DBKL.

I see there is a need for more PPR homes in KL itself especially in places like Salak, Sg. Buloh and Gombak.

The next PR1MA in KL should be the Bandar Tun Razak one. I saw some latest pics.

Having said that, if PR wins, I think PR1MA will be part of the PR's affordable housing plan. Just a name change.

This post has been edited by accetera: Apr 9 2013, 10:39 PM

I am interested to know how will they allocate the units. bumi how many % non bumi how many %?

MORE ELECTION GOODIES...
Published: Tuesday April 9, 2013 MYT 7:37:00 PM
Updated: Tuesday April 9, 2013 MYT 7:42:11 PM
Thestar.com.my

Civil servants to enjoy 1Malaysia Civil Servants Housing soon


Chief Secretary to the Government Datuk Seri Dr Ali Hamsa.
JOHOR BARU: Civil servants will soon get to enjoy the 1Malaysia Civil Servants Housing (PPA1M), based on the affordable housing scheme built on government land, priced at 20-30 percent lower than the market rate.

Chief Secretary to the Government Datuk Seri Dr Ali Hamsa said a pilot project with 10,000 units of houses would be built in Putrajaya, and launched by Prime Minister Datuk Seri Najib Tun Razak soon.

"We will look for suitable government-owned land in other towns, including Johor Baru, for the purpose," he said. He was speaking at a Session with Civil Servants in Johor at Pusat Islam here on Tuesday.

The move to launch PPA1M was aimed at helping to overcome the burden of civil servants to buy houses in major towns, which have gone beyond their affordability.

"The price of affordable houses offered will be in the range of RM150,000 to RM300,000, with built-up area of between 1,000 to 1,500 sq ft, as well as other basic facilities," said Ali.

He hoped it would lighten the burden of the civil servants who had provided the best service, and be an incentive for them to work even harder.

On the fate of contract workers in the National Unity and Integration Department, under the rural and regional development and information communication and culture ministries, totalling nearly 50,000 people, he said the Government had agreed to extend their contracts to Dec 31, for another year.

In the meantime, a comprehensive study would be carried out on their position by a committee before being tabled to the Government. - Bernama

Did the idiot just mention good service??? Wtf. Tats how bolehland is gonna move backward even faster. When civil servants not 100% committed to their work, idiot call it best service. Wat if they start taking thgs for granted by not even wish to work for their life due to guaranteed pay??? Does the idiot gonna say they r running the best gov in the world???

Anyway, most civil servants r oledi taking thgs for granted now. Try go to any gov dept then u can c many fart faces.

They dun deserve to misuse our hard earn $$$ to benefit themselves. oIo

I am in doubt of the implementation!!!!

Need to impose a stricken control on foreign investors. Perhaps they cannot buy freehold properties, else one day, a Bandar will belong to them without us realizing it.

First time property buyer should be given a special privilege to purchase at much more lower price.

With the 1,000,000 affordable houses, how can the authority ensure it goes to 1st time house owner and lower income group. The issue is always on how to achieve an effective implementation of a new policy that will benefit the real target group - this is the fact that everyone of us is aware of.

The rightful affordable house price should be between RM300 - RM350 psf.

Great efforts but must be effectively implemented. Cheers!

Property speculators will do well to learn the Kubler-Ross model (five stages of grief):
(Genneva "investors" had learnt this the hard way earlier)

Stage 1: Denial
Stage 2: Anger
Stage 3: Bargaining
<Reserved>

Stage 4: Depression
<Reserved>

Stage 5: Acceptance
<Reserved>

Friendly advise is to anticipate the market change before it is too late. Smart investors would never swim against the tide. You still have TIME to exit with some profit - only if you act now.

Guide: Selling/Buying a house before VP

Hahah. For us are those la. for u stage 1-10 = denial...

I started to suspect u r the najis who try to buy vote with sugar coated words. thick face like onion. Anyway, just make sure u clean ur najis after falling down.

I don't agree with you most of the time.

this round u did make a valid points.

Those lower income without house at all, might believe this Election Mirracle...
Those earn more with house, should have inttelligent mind to think and anlayse...
build 1mil house, still possible...demolish those low cost flat in city, then move them to this kind of house...at the end more space to develop in city....
poor stay outside city...rich stay inside city...

It will cause greater economic inequality le.. The crime rates will be much higher and every rich person who goes into the poor neighborhood will get robbed.. Unless you separate the rich and the poor with a river la. Haha.

Economic equality can be achieved. But it means raised income with productivity as well. In Australia, a waitress and bus driver can go on holiday overseas. How? I landed in Perth Airport, I bought a ticket for a bus to take me to the hotel from a single woman at a small pedestal (occupying 4 sq ft). The bus came, the driver got off, pack my bags, greeted me, and gave me holiday tips like a tour guide to the hotel. At the hotel, during dinner, a single person was the waitress, cleaner and the cashier and always smiled when giving service. There was only one cook in the kitchen. At that time they were 10 customers. When I arrived back in Malaysia, I bought a taxi ticket from a counter (20 sq ft) manned by 3 ladies. At the taxi stand, 1 person collected my ticket, and a different person drove the taxi. Can you see the difference? I believe a Malaysian will gladly do the job of 2 if he is paid double. Yes? People will argue, that will put a few people out of work. Really? There are a few million foreign workers , some in Old Town Cafe, Restaurants, Shopes, etc. If I offer a local double the current pay to do the job of 2 foreign workers - can or not? We have become too addicted to cheap foreign workers and that is keeping some salaries artificially low.

This post has been edited by tigana: Apr 11 2013, 06:20 PM

malaysia culture - tunggu durian runtuh , quota of share , quota of contract , quota of wealth (allocation?) , loan for this n loan for that (no need to payback but no chance for us) ,br1m etc .........
WHO want to work HARD ?

Hah...you think this is japan where everyone follows the rules one ah?

I bet half of those units will rented out to poor people claiming to be relatives and the government will close one eye one lah...?

come on....will you want to give up driving luxurious cars if proton is releasing a new budget car? there's always people who want and wish to own a better and comfort life. so that's why pr1ma never will really beat up housing market in long run

Do have faith in Malaysians. Most want to earn a living with dignity.

1,000,000 homes to be built? How long will this dream of such engineering feat going to take in Malaysia? So far, what is the no of houses built by govt agencies annually ? Does anyone know?

haha...you are the most nervous flipper of all time..calm down, market still intact. you worry too much with your 5bijis property investment. quietly flip it bro.

Dude...alot of low income group of people will stay with you...

I got a fren of mine stay prima,people who stay inside alot of rude people,they pee and even shit at the lift there!! Then his motor part always kena curi!

Last time i went ppr,got a gang of small rempit kid train they skill using bicycle!!it very very dangerous over there!!

they failed in previous housing scheme. wat make you think this time will be different? janji dicapati manifesto? nice to hear..sure like it.

Hard for locals to earn a more decent wage with the influx of foreign labor and the delay in the full implementation of the minimum wage.

The end beneficiary of this type of project is the Property developer + contractor....cheap land...then sell at higher price even is 20% below mkt price as they claimed....
also, no proper planning..simply slot in any of part of existing house estate...

Those are the beneficiaries but not the biggest. The biggest beneficiaries are those middle men.

those middle men with power or with relation to the person with power = crony ?

Got stage 6? I pick

Exactly.

Just make sure in 40-50 years time, dont be like amber apartment in genting. Got many apartment got paku and note saying "do not enter!". Many units also like dat. Spooky.

what is the story?

http://www.google.com.my/search?biw=320&bi...y9Y9iu0vbKtM%3A

Bro dun la frighten everyone at nite. It's just a very run down building la. No necessary got sthg dirty gua.

Hahaha. No la. I sometimes go round and round to seek for my next target. Suddenly one day i saw this amber apartment. What a scary apartment. Read this: http://www.melvister.com/2011/09/kisah-ser...-highlands.html

Takut nak baca larut malam. Hehe. Heard some scary story b4 bout it and in fact stayed in another condo, billion court if not mistaken. Oso quite scary wan.