Talks of the government wanting to promote second-generational loans or dual-generation housing loans are rife, but what is the cost to the rakyat? Doubtless, Malaysia is currently facing a housing crisis where the majority of the rakyat cannot afford to buy their first homes.
DONE DEAL: Terrace house, USJ, Subang Jaya, Selangor DONE DEAL: Residential land, Jalan Gasing, Petaling Jaya, Selangor Bandar Mahkota Cheras is a small township in Cheras consisting mostly of two-storey terraced houses and shoplots.
DONE DEAL: Agricultural land, Ringlet, Cameron Highlands, Pahang DONE DEAL: Serviced residence, Bangsar, Kuala Lumpur Situated in Jalan Halamanda, Gombak, Selangor, this three-storey terrace home is nestled in a gated neighbourhood on a hillside.
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HBA notes that further improvements could and should be undertaken by the government, namely to the new pegged fee of RM500 should not only take effect prospectively but retroactively (but not to the extent of making the liquidators refund any “overcharged fees”).
The exploitation by private liquidators – making a fortune from homebuyers’ misfortune – is a double whammy for the victims who are already facing the complications from their defunct property developers.
We crucially need a system to establish the ratio of annual income to house price at 1:3 at the most and not 1:6 as it is now.
Gladys Chua, head of sustainability services at RAM Sustainability Sdn Bhd, said green home supply is still at the infancy stage in Malaysia.
All of us are hoping for a brighter future, and for this to happen, we need effective and sustainable policies that are properly thought out and implemented with the rakyat’s interest in mind.
Rapidly rising interest rates are also expected to drive further falls going forward.
A townhouse is a unique type of property that has two self-contained, individual homes stacked upon each other.
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