Jul 5 2025, 11:18 AM
QUOTE(scorgio @ Jul 1 2025, 12:11 AM)
If u got the money, buy the developer's share better.
Not just oversupply or maintenance or interest. The risk is ever-evolving, a policy change could alter everything.
Example: The factories in Senawang & Sungai Gadut Industrial Estate used to place their foreign labors at nearby housing estates. Thus the demand has always been there for 20+ years.
Then suddenly the N9 state govt came out with this CLQ policy. CLQ - Centralize Living Quarters, aka centralize labour hostel lah. Forcing the factories to place their workers in CLQ of designated areas (of cos developed by those connected lah).
Overnight, the housing demand of nearby Taman shrunk drastically. Meanwhile the CLQ operators are laughing all the way to the bank. Every month sit there collect rentals from tens of thousands foreign labors.
Yes, the Govt is also fighting with u for money.
nice observations, and to ensure the affordability of CLQ, gomen further impose obligations on employer to increase minimum wages on those foreign labors plus now having required to contribute epf for them, SME owners are indeed the heavily bruised and taxed segments, suck to be middleclass in malaysia. Not just oversupply or maintenance or interest. The risk is ever-evolving, a policy change could alter everything.
Example: The factories in Senawang & Sungai Gadut Industrial Estate used to place their foreign labors at nearby housing estates. Thus the demand has always been there for 20+ years.
Then suddenly the N9 state govt came out with this CLQ policy. CLQ - Centralize Living Quarters, aka centralize labour hostel lah. Forcing the factories to place their workers in CLQ of designated areas (of cos developed by those connected lah).
Overnight, the housing demand of nearby Taman shrunk drastically. Meanwhile the CLQ operators are laughing all the way to the bank. Every month sit there collect rentals from tens of thousands foreign labors.
Yes, the Govt is also fighting with u for money.
however, it isnt entirely easy money for CLQ operators, they might be cronies but they have mouths to feed too for being the beneficiary of this plan.
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