2/15/2014

Affordable homes in Malaysia




Malaysia has the good fortune of a super efficient govt in Singapore to clear the path for growth and development. It can simply emulate our highly successful economic models in developing its country. In today’s ST, Malaysia is also introducing ‘affordable’ public housing for its low income citizens and using very familiar terms like housing subsidies, rising prices of properties, and even the formula for people who are qualified for such housing, first time home buyers.

Malaysia has set aside RM300 million to build at least 10,000 low cost housing and will subsidise RM30,000 to the home buyers. And the computation works this way. If the cost of building a flat is RM70,000 the govt will subsidise RM30,000. The buyer only needs to pay RM40,000. The subsidy quantum is fixed from the start. So if the construction cost is RM50,000, the buyer needs only pay RM20,000 or higher if it goes the other way. And to qualify, the buyer must have a monthly income of less than RM3,000.

The scheme is quire similar to what Singapore is doing but still not as good in several areas. Firstly, RM3,000 pm income is too high. In Singapore, a monthly income of $1,000 which is equivalent to RM2,600 is enough to buy a public housing flat. And the subsidy is not based on the actual cost of building the flat. Singapore’s formula is based on market subsidy which is greater in value. I think this has been modified and should be based on building cost or something like. It is a bit difficult to figure out as construction cost is a state secret and no one is supposed to talk about it. The only thing the people can do is to guess.

Malaysia is doing very well in taking care of its local’s housing needs. One point I am not sure but can only presume that their public housing is also based on a 99 year lease. Can anyone confirm on this?

And Malaysia will become better if it continues to copy more of our successful formula. They can also change their public medical subsidy scheme to be like Singapore’s, with the 3 Ms and now Medishield Life. Then it will be just perfect.

18 comments:

Anonymous said...

"It is a bit difficult to figure out as construction cost is a state secret and no one is supposed to talk about it."
RB

Not construction cost lah. It's the land cost that is a state secret, just like the Reserves. U dunno what is Sinkieland amount of reserves also, secret tio bo?

Construction cost? The contractor or even his project manager can tell you lah, so what so secret?

Anonymous said...

Matland got lots of land and even oil reserves.

That's why they use construction cost to calculate housing price and subsidy.

Sinkieland has no oil but only a little land, some Sinkies and lots of PRs and foreigners.

So this little land must be made very precious and to become as valuable as oil lah. How? By sucking Sinkies or PRs, of course. If not, how to become like oil reserves, you tell me lah?




Anonymous said...

S'pore had solved it racial problems in the late 70s, where the economy keep growing? More were well educated unlike in 60s many were not so educated and poverty?

In 70s massive transformation building bigger flats to solve the problems of overcrowded one room rental flat, where there are many problem, gangsterism, drug addiction, gambling & prostitution?

Why suddenly introduced GRC system up 6 candidates lump together to confuse the voters?

GRC was introduced in the late 80s to improve the already luxurious life of the the leaders compare with their counter part in Israel, Swiss, & the Nordic which the get a very decent package of around $200K per year?

If those countries can live a very decent life with these type of pay package why can't out leaders?

With such high pay package, did our leader solve the birthrate, income disparities, standard of living?

There is no reason still using the GRC which prevent the opposition voices to be heard?

If the world discovered we used the votes top up system, what they will think, what will United Nations do?

With GRC paying their ldrs, 100K of the cleaners still get in a decade only $800 per month, many were retrenched from their previous jobs as they grow old little educations, many living hand to mouth and need the loan shark?

With the CPF locked up scheme the problem was aggravated the further, at least previous batch they took back their CPF still working with a better standard of living, with both income from their work and passive income from the CPF?

What we need more opposition leaders like Ong Teng Cheong, Toh Chin Chye and Tan Cheng Bock?

We don't need 77 group think in the White Paper, where S'pore since their greatest protest against the White Paper around 6K turn up?

What will foreigners think if they know we still use the outmoded votes top system, instead of the one to one contest, that make S'p0re a huge success, why change it to the GRC, worried about more competitions and pay?

S'porean and PE with the continue improvement of internet hand held and sharing devices, now many share with older population, which can have access to the hand held device given to them?

Unlike earlier they usually can get only State controlled medias, with rarely feed them negative part or the policies?

Even if the leaders pay package reduce to $200K per year compare to the foreign workers coming here still very decent, a foreign worker earn only $1.5 hours per hours, the leaders earn staggering $200K per month?

All these pay need lots of direct or indirect taxes to maintain did it solve S'pore pro? S'pore ldrs need to have genuine concern for the common man and their sufferings?

2016 Leong Sze Hian and Tan Kin Lian came forward, now many higher and higher quality opposition leader sacrifice and came forward to serve the people?

Glenda Chong, Svylia Lim, Lee Li Lian, Lina CHarm, Jeanette, Nicole Seah too?

USA celebrities saw how expensive SIngapore cars with COE, they were shocked and disbelief?

Anonymous said...

The tripartite should be the govt, medias and the small median companies SMC co operation?

To keep ahead of the competition Sweden, Denmark & Japan know they got to keep innovate, design better quality products not keep looking for cheaper and cheaper foreign workers?

Without the GRC Singapore could have reach their standard?

In the 70s & 80s when China was not open up Singapore still can successfully attract the lower end types of investments?

China opened up, Singapore begin to hollowing out, admitted by the ldrs?

Singapore should model the Swedish and Danish system, continue to develop and growth its small and medium size companies, with it massive more then $300 billions of reserves give all?

S'pore have one of the busiest port and now 14 million tourists, a massive increase from usually 8 millions tourist?

Continue to find ways the improve the performance of the SMC, so they can export premium products like the Swedish produce many multi national companies?

Singapore should continue to move away from the model of cheaper, faster and better foreigners, even countries like china when their cost went up the workers pay got to keep up with inflation?

With too many foreigners and newer citizens coming many of the new citizens will be in trouble, of course they need lots of indirect taxes to pay them the highest package in the world, many of the commoners will suffer as a result?

S'pore can no lower use these outmoded ideas of cheaper workers as cost keep rising, many new citizens and local were be seriously affected and out of jobs?

A right encouragement by the medias and the govt, to move the SMC mindset using cheaper and cheaper workers is need?

Did the GRC or vote top up system solve the other races problems, few doubt it solve it, many of the other races worked in the lower end jobs, the cleaners pays had been around $800 per month with the depress by the cheaper foreigners?

The racial problems is causes by overcrowding, where many born up to 7 babies, which stayed in one room rental flat, had seen solved in the 70s where massive program building 3 rooms or bigger flats?

Sooner or later Singapore will be in serious problem if it continue to rely on cheaper foreigners, many of the new citizens and the local will be out of jobs and their children too?

Massive effort and incentive need to restructure Singapore economy to a premium product center, like the Swedish and Danish, most of the successful multinational companies came from SMC?

With the massive co operation of tripartite Govt, the medias and SMC to change the mindset, cheaper, faster & better to a high premium product center?

So that the lower quarter of the population can have better living standard?

More oppostion leaders like Toh Chin Chye, Ong Teng Cheong & Tan Cheng Bock should be foster, develop and encourage to voice out genuine concern of the population?

With the state own medias the govt can sell everything? One of the richest company Google depend on adverts?

Anonymous said...

Did all votes top up by other MP done any good?

Up to 28 seats were from the vote top up type of losers, the bottom quarter like the cleaners from other races is yet to see much improvement by these MP?

77 groupthink MP voted for the White Paper, with the largest protest? Do you believe not a single go against?

It done more damage to Singapore reputation in the long run?

Many of the successful advanced countries had their opposition MP feedbacks and better ideas Singapore don't have?

To keep ahead of the competition Sweden, Denmark & Japan know they got to keep innovate, design better quality products not keep looking for cheaper and cheaper foreign workers?

70s & 80s when China was not open up S'pore still can successfully attract the lower end types of investments?

S'pore should model the Swedish and Danish system, continue to develop and growth its small and medium size companies, with it massive more then $300 billions of reserves give all?

S'pore have one of the busiest port and now 14 million tourists, a massive increase from usually 8 millions tourist?

Continue to find ways the improve the performance of the SMC, so they can export premium products like the Swedish produce many multi national companies?

Too many foreigners and newer citizens coming many of the new citizens will be in trouble, of course they need lots of indirect taxes to pay them the highest package in the world, the commoners will suffer as a result?

S'pore can no lower use these outmoded ideas of cheaper workers as cost keep rising, many new citizens and local were be seriously affected and out of jobs?

A right encouragement by the medias and the govt, to move the SMC mindset using cheaper and cheaper workers is need?

Did the GRC or vote top up system solve the other races problems, few doubt it solve it, many of the other races worked in the lower end jobs, the cleaners pays had been around $800 per month with the depress by the cheaper foreigners?

The racial problems is causes by overcrowding, where many born up to 7 babies, which stayed in one room rental flat, had seen solved in the 70s where massive program building 3 rooms or bigger flats?

Sooner or later S'pore will be in serious problem if it continue to rely on cheaper foreigners, many of the new citizens and the local will be out of jobs and their children too?

Massive effort and incentive need to restructure S'pore economy to a premium product center, like the Swedish and Danish, most of the successful multinational companies came from SMC?

With the massive co operation of tripartite Govt, the medias and SMC to change the mindset, cheaper, faster & better to a high premium product center?

So that the lower quarter of the population can have better living standard?

More opposition leaders like Toh Chin Chye, Ong Teng Cheong & Tan Cheng Bock should be encourage to voice out genuine concern?

State own medias the govt can sell everything? One of the richest company Google depend on adverts?

More and more S'porean can't compete with the foreigners will be in trouble?

Anonymous said...

Massive foreign competition:https://www.facebook.com/notes/temasek-review/characteristics-and-behaviour-of-our-18-million-foreign-population/464877646898889

Matilah_Singapura said...

Malaysia's public housing will turn into slums rife with crime, drug abuse, violence and racial tensions. Rubbish and rats will be all over the place -- these motherfuckers are damn filthy lah. Parts of Malaysia re clean only because there are people paid to clean up the mess. Every other place, people jus chuck rubbish indiscriminately.

Plus all the building projects will have "corruption" from start to finish...that is, if they ever finish.

Plus they will soon be in deep shit if they don't watch their finances.

Just watch what happens. It will be engaging entertainment.

Anonymous said...

The person with group think now promote to be CHairman enjoy his multi million pay in Temasek, now the CPF locked up scheme the effect still not so apparent, as it just started, previous those who took out the CPF can enjoy and which less depend on their jobs?

Now with the CPF locked up scheme they will be more serious trouble, with more and more foreigners coming in to take away their jobs?

More credit companies will be set up and loan shark will be doing a thriving business, because now after 55 when they lost their job they got to eat grass?

Anonymous said...

Malaysia boleh.

Singapura boleh kah ?

Atau Matilah Singapura ?

Anonymous said...

The role of the back door MP is to beholden to the main party, mean it is a part time high class job, their role is to prevent oppositions from coming in?

So less time need to fix them, more time to count the money and enjoy their standard of living much higher then the Nordic and Swiss ministers standard of living? Now is internet era?

So it is actually 59 MP who are vote in by people due to support of the majority of the population, the rest of the 28 seats are topped up by those with the higher then 50 percent of the votes from the main party?

The 28 MP is just for show? Where in the White Paper vote all 77 MP voted for no one voted against, something wrong somewhere? Which many MP absent from the parliament, all the opposition MP attend all the proceedings?

Singapore should not be the children playground where toys are passed around?

Surprisingly in a developed nation still practice these type of flawed mentality, of topping up the vote of losers?

If the world to know Singapore practicing these system what do they think?

The world is changing fast, the main party should be happy more opposition, if not the country will be in trouble, investment will go away, Singapore will be regressing if no opposition? Competition in parliament lead to innovation, reduce cost and wastage?

Opposition MP play an important role, bringing new ides and better ideas in the parliament? Like closing the income gap, increase the birthrate like the Nordic, improve the standard of living?

Many of the success of the Nordic is due to the opposition party present and multi part system?

Gone are the days with less population maybe still OK? Now with little opposition Singapore continue to regress facing mounting problems?

Less opposition the parliament will be regress, as they collect so much pay they will slacken hardly need to improve or innovate, if they were vote out with their multi million income, there is not much problems?

Because hardly any opp can take over?

But for those who jobs were taken away or depressed by foreigners, their children will be in trouble, SIngapore don't have the luxuries of a big hinterland, Singapore is just a little red dot?

All these imported people need jobs, if the grow old without their children here how, the population will be one of the oldest soon, with so many imported in these decade?

Singapore need everything to build it own people and not dependent on foreigners and bring its SMC to multi national companies?

Anonymous said...

The main party should thanks the oppo if more were to come in, to provide sparring partners, to sharpen their skills to solve problems, help them to live with less and happier to serve the population?

Many of the opposition help the advanced nation like the Nordic improve the capabilities?

Because little competition in the parliament saw the sorry state of affairs?

Many of the politician the west, serve the population with much less, they should welcome if the opposition can take over them, they can go to the GLC, so that they can get a higher package if they are really that talent, what for they worry of opposition coming in?

If they can grow more companies to multi national companies?

Many world class boxing champion employ another world class boxer as sparring partners before an important fight?

Anonymous said...

Affordable homes in Malaysia.
Affordable politicians in Malaysia.
What more you want?

Anonymous said...

Affordable and money is not everything in Malaysia.

But money is everything in Sinkieland.

If you have lots of money and can afford the most expensive property in Sinkieland, you will not be angry with PAP, tio bo?

Anonymous said...

/// If you have lots of money and can afford the most expensive property in Sinkieland, you will not be angry with PAP, tio bo? ///

I got lots of money and four private properties. I'm still angry with PAP. Useless things should be thrown away. PAP's incompetency is slowing me down from making even more money.

Anonymous said...

Rich people are smart to invest in properties. When they become ashes, those properties will still stand for all to see and remember.

Hahaha

b said...

Flats? why need flats? just give them prefabricate nice modular or container housing. Energy efficient, cheap, eco friengly and easy to build. Just google or youtube.

Anonymous said...

Poor and rich hate PAP except families, cronies of the Party and its stooges.

adrew said...

Hi
It’s hard to find knowledgeable people regarding but you sound like you know what you’re talking about! Thanks for sharing this with others.