🎯🎯🎯

Spot On. Good one...

We need more datapoints from all parties for public dissemination and debate.

What is the gov doing about about the property situation??? All the ad and promises during GE13, but no further action or lack of publicity?

Why are there no concrete timeline for PR1MA?

What happens when "affordable and quality homes" are made available to first time home-owner citizens by gov?

Happy citizens?? Developers, happy??

I believe 5 years is sufficient time to build affordable and quality properties if they are really serious, do we still need more cooling measures? Ask Mr Alan, there is no prize for guessing his answers 😎, I sure he will provide datapoints too 📊📈📉.

What is my view? It should be win win for both the first time home buyers and property investors.

BN, why are we waiting?

We need more datapoints from all parties for public dissemination and debate.

What is the gov doing about about the property situation??? All the ad and promises during GE13, but no further action or lack of publicity?

Why are there no concrete timeline for PR1MA?

What happens when "affordable and quality homes" are made available to first time home-owner citizens by gov?

Happy citizens?? Developers, happy??

I believe 5 years is sufficient time to build affordable and quality properties if they are really serious, do we still need more cooling measures? Ask Mr Alan, there is no prize for guessing his answers 😎, I sure he will provide datapoints too 📊📈📉.

What is my view? It should be win win for both the first time home buyers and property investors.

BN, why are we waiting?

3 subtle event occurred this week....

1) Crackdown on immigrants,
2) Petrol price increase,
3) Announcement on slowdown of infra projects by Gov

so what is the future impact???

I just got a call from concerto.... Telling me that phase 3 got choiced units at additional discount, making it similar pricing as phase 2.... "only 20 units sold, so hurry up".

😎😎😎🐟🐟🐟🐟

No need for OPR increase, exchange rate increase etc to cool market and increase foreign confidence...

From STAR today

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Hot Issues For Consideration

07 Sep 2013
OF late, there has been talks that the real property gains tax (RPGT) may be be reinstated in the coming Budget 2014 to be tabled next month. Real Estate and Housing Developers Association (Rehda) has written to the authorities to state their views. Bank Negara is also studying the possibility of banning interest bearing schemes. The Developers' Interest Bearing Scheme (DIBS) is said to encourage speculation as buyers need only to pay 5% or 10% downpayment and need not pay anything until the property is completed. The return of RPGT and the possible removal of DIBS are signs to prepare the property sector for the challenging times ahead, as seen by the volatile stock markets in South-East Asia. While Malaysia has to tackle a number of issues in the greater framework of the economy, there are three issues befuddling the property sector - bubbles, speculative elements and affordability. Developers want a benign RPGT regime and the DIBS to be maintained while certain quarters want the return of the old tax structure of 30% tax on profits on disposal in the first year. The RPGT is both an anti-speculative and revenue-generating measure. RPGT will play its role to curb speculation, says property consultant Elvin Fernandez of Khong & Jaafar group of companies and the House Buyers Association (HBA). During the last two budgets, HBA had anticipated a tax regime with more bite and was sorely disappointed. There was a time when not all developers offer interest absorption schemes. Today, most are pressured to do so. Says Rehda president Datuk Seri Michael Yam: "It helps people get on the house-ownership ladder." "It also nurtures speculative tendencies," says Elvin. Incidentally, interest absorption scheme was the first to be banned by the Singapore government as early as 2009 in a series of measures to cool the property market. DIBS aside, the larger issue is transparency, says Elvin. When developers offer DIBS plus a host of other incentives - rental guarantee, cash back payment, free furniture, free stamp duty and legal fees - banks and lending institutions provide mortgage loans based on the larger headline figure inclusive of these discounts. A mortgage based on the real price, without discounts, would reduce the loan amount and lessen household debt. Discounts tend to bloat up the loan amount by another 10% and 20%, says Elvin. The provision of the real price, without the discounts, gives a true and real picture of the housing market. DIBS and discounts have also resulted in a buoyant primary market. In 2009, the National Property Information Centre recorded a total of 211,600 residential transactions, of which 12.24% were purchases from developers and 87.76% from the secondary market. Three years later, in 2012, out of 272,669 transactions, slightly more than a fifth (22.09%) were purchases from developers. "This has never occurred before. This is an extraordinary jump, and this is because of DIBS and the discounts given," says Elvin. The shift in the market is clear and this represents risk, he says. On the issues of housing beyond the reach of many, about a third of housing in the country is below RM150,000. Some of them are in enviable locations, for example near Jalan Maarof in Bangsar Kuala Lumpur. But these are not well-maintained and young professionals do not want to live there. It boils down to an overall property management issue. PR1MA Corp Malaysia CEO Datuk Abdul Mutalib Alias says more than 20,000 homes will be built under 15 affordable housing projects in Greater Klang Valley, Johor, Penang, Sabah and Sarawak in Phase 1.

Precisely my point. When u get lots of buyers visiting the show house, busy busy punching the orders...no time to call potential buyers 😎😎😎😎📉📉📉📉

Anyone know the proposed cooling measures being prepared for budget??

Well.... We will see what happen in bolehland soon, let see how our PM najib handle the same problem in Malaysia when the new budget is released in October ..... People are rushing to sell their properties to lock profit before GOV share in their gains!!!!😎😎😎😎🍷🍷🍷🍷

One way to plug our national deficit, raise speculator taxes, share with the common rakyat, their wealth gained....😄😄😄😄🎉🎉🎉

Any further news?!

Any further development/news?

Heard GOV may limit the number of properties for individual?

😭😭😭📉📉📉

How to implement ?? Reduce LTV??

So now better to BBB first before they implement....

😄😄😄😄

Agree that property transaction is part economic growth and it contribution to GOV income.

Any cooling measures will also have the same potential impact... true?

How many percentage of population would have more than 5 properties in KV?? Can GOV say Stamp Duty for individual with outstanding more than 5 properties pay a higher %%?? An upper middle class couple can easily afford 3-5 houses in his lifetime period, but there are people that have a higher allocation to properties, and there are people even flipping.

So implementing a cap may even result in better income for GOV, as these measures are targeted at flippers.