Budget 2020 And House Buying Consumers




Houses in Malaysia are simply unaffordable for many Malaysians. There is a serious mismatch between incomes and house prices. According to Khazanah Research Institute and Bank Negara, the signal of a well-functioning affordable home market is when the median price for the whole housing market is three times the gross annual household income. Bank Negara would add that the monthly payment for the house should not be more than 30 percent of the income. Payments of more than 30 percent would be considered as an overburden for the consumer
Based on the above criteria, Bank Negara would suggest that an affordable home in Malaysia based on the monthly median income of RM4,585 and the annual median income of RM55,020 is between RM165,000 and RM242,000. Yet what is the current price of houses

Overall in Malaysia, houses prices are 4.4 times the median income. Further, zeroing in on the states, house prices in Kuala Lumpur is 5.4 times, in Pulau Pinang is 5.2 times, in Johor is 4.2 times and in Selangor is 4.0 times. While according to Bank Negara the affordable home is at RM242,000, in actual fact, the average price of houses in Kuala Lumpur is RM773,000, in Selangor RM497,000, in the third quarter of 2018. To put it simply, houses in Malaysia are simply not affordable to consumers
The efforts, through policy and programmes then, should be to reduce the price of houses to the affordable range of about RM250,000 to RM300,000. Yet, in 2016 only 25 percent of new housing launches were priced below RM250,000. There was a gross oversupply of houses above RM500,000 and under-supply of houses below RM250,000. No wonder the mismatch between demand and supply
It clearly appears that housing developers are building expensive houses to make huge profits not for Malaysians but for foreigners who could easily afford the high prices. They appear very confident that the government would support their interests instead of forcing them to bring prices down to what consumers can afford
That is why Fomca strongly opposes the sale of property worth RM600,000 and above to foreigners. This is a price that is easily affordable to some foreign nations. For Singaporeans, for example, this is about S$200,000, cheaper even than their own social houses built by the Housing Development Board
Hong Kong investors, flushed with cash, facing some internal turmoil, are also looking at investments in Malaysia. The winners are the property developers; the losers are the rakyat
With the ability to sell to foreigners supported by the government, the housing developers can now neglect the local consumers and build and market for wealthy foreigners. They get to boost their excessive profits through unaffordable housing
It is really sad that the government has chosen to enable housing developers to make excessive profits while consumers cannot afford to purchase their own homes
If we are sincerely concerned about enabling Malaysians to own their own homes, Fomca urges the government to cancel the policy that property of RM600,000 can be sold to foreigners. This is the government’s responsibility to the rakyat
PAUL SELVA RAJ is the chief executive officer of Fomca. - Mkini

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2019/10/budget-2020-and-house-buying-consumers.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+M

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Budget 2020 Must Brace For Rough Seas Says Prominent Economist

Budget 2020 Must Brace For Rough Seas Says Prominent Economist

papar berkaitan - pada 11/10/2019 - jumlah : 270 hits
Malaysian Institute of Economic Research chairman Kamal Salih PETALING JAYA Ahead of the tabling of Budget 2020 a think tank has warned that the coming year will be tough given the challenges of slower economic growth US China trade tension...
Johor Expecting Rm15m From Budget 2020 For Causeway Path

Johor Expecting Rm15m From Budget 2020 For Causeway Path

papar berkaitan - pada 4/10/2019 - jumlah : 248 hits
The state government is hoping for allocation of about RM15 million from the Budget 2020 for the construction of a sheltered walkway across the causeway from Johor Bahru to Woodlands in Singapore State Public Works Transport and Infrastruct...
Sarawak Leaders Not Attending Budget 2020 Tabling

Sarawak Leaders Not Attending Budget 2020 Tabling

papar berkaitan - pada 11/10/2019 - jumlah : 230 hits
Sarawak Chief Minister Datuk Patinggi Abang Johari Openg ZULAZHAR SHEBLEE The StarMIRI There will be a notable absence of Sarawak government and party leaders from the state ruling party Gabungan Parti Sarawak at the tabling of Budget 2020 ...
Student Budget Trip To Sabah 2019 2020

Student Budget Trip To Sabah 2019 2020

papar berkaitan - pada 13/10/2019 - jumlah : 295 hits
Agak lama sis tak update blog ni Sekarang pun sibuk dengan kerja Tapi disebabkan permintaan yang banyak Ada yang dm sis dekat instagram tanya tentang itinerary pergi sabah Jadi sis pun dengan rajinnya menaip la ye First sekali kalau sesiapa...
Budget 2020 Doom And Gloom For B75 Indian Poor

Budget 2020 Doom And Gloom For B75 Indian Poor

papar berkaitan - pada 13/10/2019 - jumlah : 313 hits
Contrary to propaganda the B75 Indian poor are not excited about Pakatan Harapan s Budget 2020 which again appears to be an almost wholly Malay centric affair in excluding the B75 from sharing the Malaysia Baru prosperity In the 2020 RM297 ...
Budget 2020 Stop Kidding Yourself And Buck Up

Budget 2020 Stop Kidding Yourself And Buck Up

papar berkaitan - pada 13/10/2019 - jumlah : 209 hits
Raggie Jessy RithaudeenNote A critical error regarding the estimated number of unemployed fresh graduates was corrected Pakatan Harapan is singing praises of Budget 2020 Barisan Nasional however is calling it a huge disappointment making sp...
2020 Budget Malaya Centric Says Sarawak Minister

2020 Budget Malaya Centric Says Sarawak Minister

papar berkaitan - pada 12/10/2019 - jumlah : 228 hits
State Local Government and Housing Minister Dr Sim Kui Hian says the PH government has failed to fulfil its promises to the people KUCHING A Sarawak minister says the Pakatan Harapan government has failed to keep its promise to Sarawakians ...
Sepang International Circuit Gets Rm37 5 Million Under Budget 2020

Sepang International Circuit Gets Rm37 5 Million Under Budget 2020

papar berkaitan - pada 12/10/2019 - jumlah : 202 hits
Sepang International Circuit Sdn Bhd will be getting an allocation of RM37 5 million under Budget 2020 According to the federal expenditure report the allocation is parked under the Youth and Sports Ministry s operating expenditure The race...
Najib Pooh Poohs Budget 2020 Says Bn S Efforts Better

Najib Pooh Poohs Budget 2020 Says Bn S Efforts Better

papar berkaitan - pada 12/10/2019 - jumlah : 282 hits
KUALA LUMPUR Former prime minister Datuk Seri Najib Razak has criticised Budget 2020 saying it does not help the rakyat as much as previous budgets by the Barisan Nasional administration I do not see the Budget will make the rakyat happy be...
Senarai Taska Di Malaysia Kadar Yuran Terkini

Marc Anthony Bergelar Suami Buat Kali Keempat

Cara Menonton Iqiyi Melalui Smart Tv

Mat Sabu Kini Datuk Seri

1 Februari 2023 Masa Berlalu Meninggalkan Kita

3 Hari 2 Malam Trip Jelajah Warisan Minang Di Beranang Selangor

5 Perkara Yang Wajib Tahu Sebelum Membeli Kereta Terpakai

Chinese Education Groups Lodge Police Report Against Nstp Papers For Claiming Sjkc Students Not Keen On Learning Bm



6 Pekerjaan Yang Mungkin Selamat Daripada Ancaman AI

5 Permainan Video Popular Sepanjang Zaman

8 Fakta Biodata Pelakon Sophia Albarakbah Gandingan Terbaru Aliff Aziz Drama Ku Akad Kau Dengan Bismillah

8 Kenderaan Ikonik Dalam Industri Filem dan Drama

Kahwin Beristerikan Nad Zainal Ini 10 Fakta Biodata Pelakon Ungku Ismail Aziz


Azmin Mb Jika Pn Menang Prn Selangor

Permohonan Guru Sambilan Mrsm 2023 Tawaran Gaji Rm100 Sehari

Misi Adeera

T23b02 Kawan Kawan Hello Kitty

Buah Buahan Yang Tidak Boleh Diambil Oleh Wanita Dalam Pantang

Filem Coast Guard Malaysia Ops Helang Di Pawagam 2 Februari 2023