Free Market Competition Lowers The Cost Of Living


Yesterday was a happy day. We visited the sales launch of a property project where our architect son did the design and architecture of the superlink homes.
The project is nearing completion and the homes are almost fully sold.






The property market  is tough and the competition is stiff.  Of course when the competition is stiff developers are forced to be innovative to compete.

It is all about  saving costs, making things easier for the buyers to purchase the homes. 

In prime Old Klang Road 660 sf apartments (2 room 2 bath) are being offered for RM350,000. This is a very affordable price.  These are small units but popular with working singles and young families. Also for the rental market.

The superlinks my son designed are three storey, 2900 sf (spacious) and start at around RM785,000.  

Due to the stiff competition developers are also throwing in plenty of freebies.  Certain fittings, kitchen cabinets etc are becoming quite the norm.

Securing the house is also being made easier. One developer asks 3% deposit. Then they give a 7% discount. 

Assuming you get a 90% housing loan, you only pay 90% + 3% = 93% of the total  sale price.

Because the developer gives you that 7% discount, what this really means is that the developer has helped you get a 97% housing loan !! 90 / 93 = 97%.  Clever.

The consumer benefits.

This is what happens when there  is free market competition.  The consumer benefits. (And if developers do not deliver what they promise, some house buyers redecorate their houses with sledgehammers).

Too many people in this country do not understand the economic benefits of competition. With competition everyone becomes rich. Without competition the monopolies and oligopolies become rich - at the expense of the poor.

Take Proton.  For 30 years Proton cars were overpriced. They were too expensive for the type of quality that was offered.  But the prices of all other imported cars were artificially kept high.  Because all other car prices were pushed up Proton was able to sell their cars at  prices much higher than they deserved to get.

So who did Proton benefit?  Not many because eventually Proton became lazy and they went bust. Laziness is not good for business.

Now under new ownership (Geely of China) Proton is getting less protection. They have to compete more. So for the first time in 30 years the new owners of Proton have started cutting the prices of Proton cars.

The more competition we have the better it is for the economy and for the people.

Posted by Syed Akbar Ali 

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

http://malaysiansmustknowthetruth.blogspot.com/2019/04/free-market-competition-lowers-cost-of.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
Free Market For Asnaf Menyumbang Sempena Ramadhan Hari Raya

Free Market For Asnaf Menyumbang Sempena Ramadhan Hari Raya

papar berkaitan - pada 17/4/2019 - jumlah : 698 hits
Assalamualaikum Semoga Allah memberkati kami di bulan Syaaban dan menyampaikan kami ke bulan Ramadhan InsyaAllah Jawatankuasa Penduduk Zon 6 akan
The World S Worst Major Stock Market Is Really Really Boring

The World S Worst Major Stock Market Is Really Really Boring

papar berkaitan - pada 16/4/2019 - jumlah : 487 hits
Hopes of luring back global investors to a battered stock market are dimming by the day for Malaysia s government The benchmark FTSE Bursa Malaysia KLCI Index is down 14 percent from a record in May 2018 and it s the worst major market in t...
Projek Csr Dmr Darihati123mamanet Kali Ke 5 Di Eco Free Market Shah Alam Sempena Hari Bumi 2019

Projek Csr Dmr Darihati123mamanet Kali Ke 5 Di Eco Free Market Shah Alam Sempena Hari Bumi 2019

papar berkaitan - pada 30/4/2019 - jumlah : 573 hits
Kalau korang nak tahu baru baru nih portal www 123mamanet com telah mengadakan program amal bersama MBSA menerusi Program Eco Free Market bersempena sambutan bulan Ramadhan yang akan diadakan pada 14 April 2019 bertempat di Dataran Kemerdek...
Program Free Canteen Free Market Bantu Mereka Yang Memerlukan

Program Free Canteen Free Market Bantu Mereka Yang Memerlukan

papar berkaitan - pada 20/4/2019 - jumlah : 438 hits
Bismillahirrohmanirrohim Assalamualaikum semua Alhamdulillah pada 25 September 2017 lalu telah melancarkan satu kutipan dana bagi program terbaru anjuran mereka iaitu Free Canteen Free Market STK SK Cherating Program ini bertujuan untuk men...
The Pros And Cons Of Free Ssl Certificates

The Pros And Cons Of Free Ssl Certificates

papar berkaitan - pada 3/5/2019 - jumlah : 328 hits
A free SSL certificate means that you don t have to pay for the security it offers SSL stands for Secure Socket Layers and this is the encryption that assures the security in a website The encrypted information can only be deciphered by you...
Ramadhan Buffet Palm Terrace Cafe Dan Dynasty Restaurant The Grand Renai Kota Bharu Hotel

Ramadhan Buffet Palm Terrace Cafe Dan Dynasty Restaurant The Grand Renai Kota Bharu Hotel

papar berkaitan - pada 22/4/2019 - jumlah : 737 hits
Ramadhan Buffet di Palm Terrace Cafe dan Dynasty Restaurant The Grand Renai Kota Bharu Hotel Buat pertama kali Sis Gee dapat memenuhi undangan daripada pihak hotel untuk Preview Ramadhan Buffet Sebelum ini pernah juga mendapat undangan namu...
Celcom Celcom Easyphone Enjoy The Phone You Want From Rm 54 Month

Celcom Celcom Easyphone Enjoy The Phone You Want From Rm 54 Month

papar berkaitan - pada 22/4/2019 - jumlah : 389 hits
Celcom Celcom EasyPhone Enjoy the phone you want from RM 54 monthSign up now
Manjakan Diri Dengan Rawatan Sulam Bedak Di The Beauty Expert Academy Spa Cheras

Manjakan Diri Dengan Rawatan Sulam Bedak Di The Beauty Expert Academy Spa Cheras

papar berkaitan - pada 22/4/2019 - jumlah : 1198 hits
Jadi wanita ni sangat complicated tau Semuanya kena fikir dari segi nak jaga kesihatan jaga rumahtangga jaga anak dan sampaikan jaga diri pun boleh terlupa Terfikir juga bila kali terakhir mama pergi spa Manalah nak cari facial spa sekitar ...
Anggaran Kekerapan Hubungan Seks Mengikut Usia

The Salt March Of 1930 Gandhi S Peaceful Revolution That Shook An Empire

The Science Behind Stress Sips How Breakthrough Boosts Hormonal Harmony

2 Resipi Daging Korban Memang Best Dicuba Simple Dan Sedap

Cukai Perkhidmatan 8 Oleh Bank Bermula 1 Julai 2025 Apa Kesan Kepada Kita

Which Snack Is Better For Health Chips Or Biscuits

Lg Ai Home Promo Gives You Rm2 800 Ewallet Credits

Sarapan Pulut Panggang Inti Sambal Tumis


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Scooter Day 2025

Naikkan Imej Produk Wangian Anda Dengan Kotak Perfume Premium

Insiden Letupan Paip Gas Putra Heights Polis Sahkan Tiada Unsur Jenayah Sabotaj Atau Cuai

Seronok Travel Tapi Perut Buat Hal Pula Ini Cara Nak Rasa Lebih Selesa Sepanjang Perjalanan

Dua Mayat Ibu Dan Anak 2 Tahun Ditemui Sudah Reput Dalam Bilik Tidur Sebuah Pangsapuri

How The Ai Gold Rush Is Making People Rich