QUOTE(accetera @ Apr 10 2014, 09:36 AM)
The truth is in Malaysia, private developers set the standards for Affordability Level. Haha. The government has been not influential or rather not capable of controlling the developers unlike Singapore.
Too bad.
Too bad.
QUOTE(jolokia @ Apr 10 2014, 10:08 AM)
Not influential or not capable ? or u mean not willing & what for ?..lol
As i said earlier household debt 86.8% against GDP is alarming, debt getting more while economy not growing at par.
gomen expecting private to do charity.As i said earlier household debt 86.8% against GDP is alarming, debt getting more while economy not growing at par.
clinging on to 'ceiling' prices which does not make sense at all.
it's practically forcing them to subsidize.
sell at ceiling price = selling at a loss and have to recover from other parcels.
once subsidizing comes into play, it is no longer a fair trade lor.
household debt is not purely caused by spendings alone. if income were increased, debts are also reduces, no?
on plan, the low cost house is a great idea.
but lack of enforcement and upkeep causes it too fail big time.
good area sapued by insiders and kena goreng for profiteering.
bad areas become hotspot for crimes.
let's see whether pr1ma can replace low cost house or not.