har???

she read in th article that PR1MA had just raised the ceiling price of their properties to RM450,000 and that the maximum household income eligibility to qualify was RM7,500.

Really?

The newspaper is just assuming the max amount lah...

Last time you recommend a unit amount RM400k developer price if not mistaken kajang or semenyih. RM450k and RM400k about the same then make no difference might well buy from developer. haiz.

I now only know that personal loan interest rate is very high and higher than housing loan. after thinking all the factor, there is forever people demand for buying houses and it will keep going up.

if need money just refinance the property to get cash back than getting personal loan.

This post has been edited by Seremban_2: Aug 17 2013, 07:46 AM

Lol. True. Setia eco hill rm400k++. Hill park kajang rm400k++. Pelangi semenyih rm380k++.These places got potentials

Yes Indeed.
After reading Pelangi Semenyih thread seem like really good comparing mantin developer houses. Mantin, Negeri Sembilan housing project price is far too expensive as location speak itself and by comparing this project above.

That is why I am sceptical about government intervention at least for quick fixes.
Developers make about 10% net profit. So for affordable housing to breakeven (no profit), they can provide at most 10% discount on current pricing. Other wise they make a lost while building "affordable housing" - or be subsidised by government and tax payers. With the complain about the rising government debt - how can they.

Housing like drugs are rising in prices because demand had outstrip supply. Divert demand and build up supply by building the economy and transport infrastructure elsewhere. I think the Singapore government is being smart, they know excessive rising property prices in Singapore will impact their effort to attract talent. If you build a high speed train through major towns in south of Malaysia, they have access to "cheaper high skill labour". People can stay in these cheap towns and go to work in Singapore by high speed train. Good for Malaysians who want to work in Singapore (and property investors) but bad for a lot of people who continue to work in Malaysia.

This post has been edited by tigana: Aug 17 2013, 02:38 PM

How to attack developer?
In the first place the gov sell the land to developer at an expensive rate.
Then cost of labour, cost of materials all going up every year.
So of course the developer have to charge higher la.

Unless the gov willing to subsidise the developer for cheap land and raw materials.

Regardless of government policies, there are plenty of properties at less than RM500k. Why must young people (who complain) think they should not work their way up?

Not really bro. Some developers buy land from individuals. On cost of labour, materials etc could be subsidized by gov. But our gov no money to do that. Or at least not allocating money to do that. They can but they wont. They rather give br1m.

So if the individual sell the land at expensive price to the developer then how is the developer going to sell their property at a cheap price?
So your argument to attack the developer is not correct.
Developers are just middle man who add value to the land by building structures for us to live in.

If you want to attack the source, then attack the gov for not selling land for cheap

ok la then. so let developers make up kao2 because they are the "middle" man.

AgReed, many cheap Rm300k poperties out there, if only young people bother to look around, instead of buying 400-600sf studio costing more than twice as much

Yea lor...i rather buy a cheap 3 room apartment den a expensive studio..

This is an interesting topic, but forgotten.

What say you?

With all the DIBS gone, net selling price loan amount, further increase in housing costs, the 'wayang' being performed to us for the Pr1ma housing, stagnation in salaries, difficulties in getting loans, implementation of GST, increase in electricity tariff, increase in fuel costs etc....no worries...the young ones will learn to rent after this.

This post has been edited by kamilnu: Dec 8 2013, 11:13 PM