QUOTE(LexFei @ Jul 4 2021, 03:50 AM)
The price gap between RSK and normal buyer is like heaven and ground.... Overpriced and markup heavily... unless the normal price is include fully furnish and designing.
One must understand what is the determining factor for new houses prices in our country
RumahSelangorKu (every state will have one called something else but with similar concept)
will have a set guidelines
-Fixed price range to follow (min-max)
-minimum area (sf) range to follow
-Fixed finishing to be followed (tile/WC/wirepoints/etc)
-Fixed services by law due to not being landed (green or open space/parking/guest parking/etc)
RSK costs is basically subsidised by normal units.
Other hidden costs
-additional design to split normal units access to full facilities (because hey, equality?)
-additional loading to electrical, water, sewage, mechanical vent, etc (pipe diameter increase, water storage loading weight on structure, PElectric supply capacity, etc)
-premium plot ratio being used for it (not building more normal units/opportunity lost)
-going deeper/more floors for carpark requirements (which adds to water table balancing/pumps, very expensive)
-premium/strata calculation for total units/dwellings when submissions
-silly by-laws (industry people will know bomba/building dept requirements)
-defect liability, and any unforeseen
-etc
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Really basic formula for our house prices
'Normal' buyer Price (avg determining factor) = ((Land costs + total construction costs [infra/building/recreational/ext access ways/consultants/project management] + Government costs [dev contribution/premium/titles fees/TNB,JKR,IWK,air selangor,etc contribution/majlis contribution/psf contribution/etc) + any legal/bank fees + Sales and commissions (your cup of coffee/water bottle/tea to drink while viewing, events & ad's, showroom, 1% agent commissions rate/4% master commission) + contingency (due to accidents, government adding new silly laws at a wimp, etc) + fluctuation costs (material/labour supply) + inflation value upon completion + under-table [due to non performing majlis/officer giving hell] ) -
total selling price for RSK) + Minimum 15% profit (because they need to earn and took the risk to build)
So you see why our house prices will keep going up up up
-RSK is a burden set by the government (it is pure cost especially if built within the development/premium of land)
-Government loves to throw in new laws (contributions, 2 years down got another new contribution, changes, etc)
-Majlis/land office/etc loves to be sombong to get approval, especially to mid/big developers
(you may argue how? (giving hampers/
nice arabic golden juicy imported dates during raya/ funded trips/ donations to majlis events/ sokong internal football or event/ political donation / etc, be creative) or report MACC? (trust me, who dares to?, risking relationships to have even greater hell from them, because investigated members will just shuffle around, haunting you in other projects/areas)
-Uncontrolled fluctuations (Materials supply just ^15% covid, fuel prices dancing around, labour import controlled by someone)
-Scarcity nature of premium land
Dont say developer eat lesser-lah ah, there's risk involved and there must be equivalent reward,
if anything less than 10% of invested value its better throw money into share market
Its just like telling O&G off shore workers to be paid lower, when kaboom, they jump down higher than building, floor harder than concrete, and bodies cannot recover; anything happen people will be calling for heads to roll, and compensations in bulk and madmen will hunt family members.
I hope more people will understand, because our government bersuka hati, rakyat pay the price
TLDR -
RSK just piggyback normal units, so the normal buyers need to pay the extra load in development costs
Majlis/government plays an important role in reducing housing prices, but never acknowledges their actions
Sep 30 2019, 11:46 AM
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