Why are Malaysian homes so expensive? | NEWSFLASH
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- Опубліковано 1 жов 2024
- Malaysian house prices have increased by over 300% since 2002, pushing the cost way above what the "average" Malaysian can afford. Yet developers continue to build tens of thousands of new houses - that go unsold - every year!
Learn about the housing market and how we can bring prices down in today's newsflash episode.
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But the developers won't care, they just want ur bloody money.
Damn true !
look at eco project. crazy price but but of course beautiful environment. but really2 crazy high price
the property not only bloody expensive but the quality of the unit keep getting problems!
Damn true because many developers dont like Prima houses which are targetted to most Malaysians
most of them say Malaysia houses still cheaper than Hong Kong and Japan.
this is how they show their stupidity....
Affordable houses are mostly built at places without proper infrastructures or access to public transport such as lrt or mrt. Houses with good infrastructures and public transport access are priced way out of affordable range of average citizens, thanks to greedy developers.
Jeez, these kinds of people need to change...
**CnP from a video about foreigner's vlog that want to purchase house in Malaysia. Also this is posted by 19 yo. Hear this kid out, its interesting because its come from the bottom of his heart but still did not try to offend anyone.
Bukan racist ke apa, just sendu tengok video nih. Rakyat sendiri tak mampu nak beli rumah dh. Developer tak turunkan harga sanggup biarkan kosong bertahun2. Kerajaan pun ikutkn sangat calculation diorang "base on average" konon.
Pastuh dengar pulak angin2 mengatakan nak tarik perhatian foreigners utk beli rumah.
Foreigners beli rumah =
1. Kerajaan make money through high taxes
2. Developers get money = more rich
3. "below" average citizens = terkulai kat tepi jalan
4. Foreigners dapat tempat duduk camtuh jee kat overseas (Malaysia).
Termenung aku weh as a future generation, macam mana nak beli rumah wehh kalau aku dapat gaji biasa2 jee. Takkan nak sewa seumur hidup, nanti anak2 dah besar pun strugle.
Im not against anything in particular but my point is that they should make some consideration for us "below" average citizen.
Aku harap Malaysia is not the next Hong Kong where the citizens itself can't afford a house.
Me and all the next generation struggling in studies, and might not have any good opportunities for desired job. In the end, all those efforts, times and money wasted just like that for nothing.
Foreigners pulak senang2 datang Malaysia bawak duit dari rumah tukar kat sini, boom berjuta2 dapat then beli rumah tutup mata jee.
Bukan apa tapi bukak mata kawan2 aku taknak negara maju sebabkan datangnya foreigners sbb diorang buka peluang pekerjaan. Kita dok bawah makan gaji jee. We need to change too as a citizen, not just kerajaan.
What i mean is that, kita perlu lebih matang utk sustain sekarang. In order for that, we need more geniuses.
Last but not least, comment aku takde kene mengene dgn video nih. Im just pointing out our cricis and the future.
@@ahmadnasri9635 Very good point.
Already the price range for affordable houses is pretty high in Malaysia. Otherwise the Housing market is pretty ridiculous and the government don't care about it.
Developers have to paid tons of under-counter money to get their projects approved. They cannot tell the buyers.
about this.
Personally I can accept that the house price increase if the salary rate increase as it should be. Average salary rate same as 15 years ago..
Yes especially to young engineers... mostly said they are scammed by taking this one of the hardest course on earth..
RM 1000 salary for general workers should be nonexistent by now. No one can sustain such harsh salary anymore given that the price increasing and more and more taxes introduced. Also the inflation and exchange rate.
Unfortunately, when the gomen raise the minimum wage, the price of everything will rise also!
Imho the economy and salary of 2000-3000 is good for starters..u just need to adjust ur expectations la,beli keta don't go above ur annual income.. that's the main rule
@Susan Ananda Malaysia economy have to move up the value chain. Have you ever heard singaporean complaining their "manufacturing" job moved to vietnam bcoz of their high salary? Singapore do not need those low end job, its drag down the economy. Do singapore has factory? Yes, how can they survive? Going more to automation, make sure the industry is high value added, high profitable sectors. 50 years ago, singapore do make shoes, clothing etc, when times come, they cannot make their own prada, versace, lv, cannot make their own fabrication industry move up the value chain, and market force will annihilate the industry by nature. Dont feel pity for the workers, if they still want a sewing job, move to vietnam, singapore is not for those workers. Either they improve/reeducate, or annihilate together with the industry. Thing will happen in Malaysia
Malaysian: "Houses are so expensive!"
Singaporeans: "Allow us to introduce ourselves"
Try searching for hongkong
ah finally
Per sqft Hong Kong is highest, I should think. Even a carpark Lot is bigger than a “room”.
What I learnt from the vid is that homes everywhere arent affordable
@@havenprice it's really matter about the population and demand tbh, Singapore has a lot of demand since their land is so small, and I'm pretty sure you aren't allow to build a house there (even the minister live in apartment)
I'm not staying it's bad, but it's just example of population density
NeXtar_ the president wanted to live in hdb too lol. But the security detail was too much. Yeah, it’s the size. I guess the difference is that in Malaysia there is space ... there isn’t the same in sg
So,the conclusions are :
1) Developer doesn't care about rakyat
2) No government intervention to build affordable houses for rakyat
3) Rakyat work till death to pay the housing debt
4) Repeat
Reduce the loan duration to 30-25 years..surely house price will drop faster..
@@drubai88 or raise the interest/profit rate some more.. Need to induce real estate firesale!
Kalau saya jadi developer.. saya nak KAYA laaaaaaaa... Chance mariiiiii... I think everyone also ini macam... Kalau tidak.. mcam mana nak answer to the bod... Kena pecat nanti. Root cause is the inflation.. mata wang malaysia tak stabil.. our average salary should around 150k to 200k annual following sg & korea... But their country small so tak cukup land.. house price naik.. but Malaysia land banyak.. so hope for best current government can stabilize or make malaysia stronger and back to the ASIA 5 tigers ERA.. then we shall not see this as an issue
Amirul Arif Najib build PR1MA because these greedy developer yet you greed as fuck sake
You know how the Japanese and Koreans are going extinct? (Low birth rates) This is gonna be Malaysia in a few more years.
Sometimes I wonder how the younger generation is going to afford to buy new houses with the amount of money they are earning these days...
We dont, we either live back in with our parents because many would have difficulty trusting another human being especially of different race.
Or
We can, get rid of the sentiments of race and do hard labour to build houses cater to each community. In so doing, not relying on foreign labour to do it. Sacrifice own blood and sweat to do for others. Which often fails, because faith in humanity is especially in multiculturalism in Malaysia, is often, someone does it, the other runs away.
Or
Pretty much guns and gangsters, violence to get what you want.
Can we avoid the problem. Actually, we can. Why is the people, especially the young, have difficulties trusting another? Or even cautious. Is it debt? Is it the fear of being exploited? Is it getting bullied? Is it getting shout at? Or is it? IDGAF?
In short, the way you treat others, may or may not be you. But definitely, how people was being treated for decades. Fostered a generation of absolute stay out of trouble, if you know what is best for you. So what happens? corrupted people get to run their show because no one really stood up. Accepting easy pleasing solution by the government.
Think of BR1M or any other handouts as a way of STFU. Yea... you reap what you sow.
Don't underestimate what the younger generation can earn this day in this IT era. They will be earning more than older generation people ahead. Just that their lifestyle making them poor.
@@kennychanyoonkin5625 OK Boomer. Just ignore that chart which clearly shows that house prices have increased at a crazy rate while median income has been almost stagnant.
Well us younger generation will find our ways to afford house with the advantages of the technology. But still, large portion of us are not familiar with what we can do with the advantage of having technology. So even if we find ways, but it will leave huge impact in our daily life as it involves money so as our salary.
Bitcoin
So why are we bailing out the greedy developers who caused the supply overhanging?
because they pay big tax $$$ to our gov...
seriously, why is the government bailing out these greedy developers? I'm really curious and your question blew my mind. Not sarcasm
@@imranahmad-uh9fi that is actually the correct answer. developers pay taxes, and when they invest in a project, they directly create business/transaction with suppliers, wiring technician, cabling for telcos/TNB/water system, employ workers (which is translated into paying tax again). Indirectly, buyer will spend money when they purchase houses for stuff like renovation, furniture, electrical appliances which move the economy. This is unfortunate, stoping this vicious cycle has dire consequences to the market, economy and ordinary people like us. that's capitalism 101.
Dan TheKong crony ma
How dare you question the Rehda cartel!
Go to Sabah.. Where it is the poorest states in malaysia.. But the houses are too expensive than in the peninsular..
Nosferatu Shahrin you are right. The house price just like you buy a penthhouse.
Sabah not poorest state
@@UltimateProHacker yes sabah is the poorest en.m.wikipedia.org/wiki/List_of_Malaysian_states_by_Human_Development_Index
@@amirism91 isn't it kelantan?
Honestly sarawak much EXPENSIVE.. sabah stuff atleast cheap than sarawak.
Go to KL.. see how many empty buildings, empty office lots, shop lots.
That's why we still live in our parents house even if we're in our 30s
And there's a lot of corruption everywhere
Greedy developers set the price at cut throat range.
The worst thing is, government agreeing to burden the Malaysian by helping the foreigners to own houses in Malaysia..
Theres only 1 group that is buying - Chinese.
We cannot blames the foreigners. Who are going to buy the house then? We can't afford to buy meaning that out salary is small. The developers make money not going to give us free houses. Who to blame? Malaysian government because of implying high import taxes and no control of house price. Price that cost 100 the sell it for 200 or more. The government must limit the profit margin of any house built. Say it 10%. The government take back 4% of the10%> so the developers earn 6%. So the house will be sold at 110. By this way, every Malaysian will afford to own a house. Maybe buy two or more houses. Saya cakap saja 😀
The supply vs demand concept.. You stop buying houses, developers and forced to reduce price or add in free gifts. Now you reduce foreigners house price limit to above RM600K, sure more foreigners buy la. Especially in JB.
@Susan Ananda I am thinking of Indonesia Kalimantan. Huge land there. But never go to Acheh Susan. 😀
when a foreigner bought one house in msia, that income could build 5 houses for msian.
because developers are not building homes for malaysian. their target is the rich foreigners. it's just HK 2.0.
Yea.and mostly developer is the chinese. And now the minister of finance (a Chinese too) decrease the price from 1m too 600k for outsider to buy. So who will buy it? Of course the chinese in china and hk. Even the chinese in malaysia right now is trying to rule malaysia from the back.
@@boohoo7386 don't be racist. I could say the same things to the other races but we are Malaysians. We are supposed to live in harmony.
@@overkillftw2874 im not being racist. After ph win, chinese and indian getting lot of priviledged than malay. Evertime the malays do the similar fault as same as the chinese, malay getting worse punishment yet the chinese got release like nothing happen. Can u explain that? If u want some fact u can just search for it. Its everywhere
@@boohoo7386 Isn't the whole government body full of malays? You guys literally control the country from the inside :/
@Fernandez Martinez
And then PH goes down, BN goes up. Then Malays and bumis are the oppressors.
And then BN goes down, PH goes up. Then Chinese and Indians are the oppressors.
And then PH goes down, BN goes up. Then Malays and bumis are the oppressors.
And then BN goes down, PH goes up. Then Chinese and Indians are the oppressors.
Your statement is full of rubbish and troll to waste time. only propaganda to feed to the naive. Nice try. I wont let you.
The problem with Malaysia is that our income is too low. Can you imagine fresh grad pay is still RM1800-RM2000 on average? Even a maid in Singapore earns on par if not more than a fresh grad. Try buying properties overseas. Even Bangkok is more expensive than KL now
Btl2
I agree. I feel like having a degree is not worth having anymore bcos of ptptn. Better start working after spm to save up money than being burdened with rm30-60k student loan.
@@iamtheruraljuror9257 yes.. the way the economy is right now it's not worth it to get a student loan. Better to work straight away and be debt free.
Derek Lee
Yeah! So unfair to all Malaysians. No difference between the new and the old government. So sad to be honest.
@@iamtheruraljuror9257 true but there isnt a lot of job that accept non graduate in malaysia rather than other countries overseas
yes , rumah dia Malaysia semakin mahal ...
yang menjadi persoalannya , mengapakah ekonomi dia Malaysia tak maju² dan gaji di Malaysia tak naik² ?
nilai matawang pun turun-naik-turun .... apahal ?! 😂
Najip bodo rosmah kaki bodek
No all positions can say but can't do
@@tearjusensei9921 what you talking about it?? Don't understand..
@@saifullizan9058 all politicon can say but can't do nothing
Because corruption :)
So our competitors are the retired millionaire foreigners.
AH Shadows ; sadly, yes. That’s Capitalism for u!
**CnP from a video about foreigner's vlog that want to purchase house in Malaysia. Also this is posted by 19 yo. Hear this kid out, its interesting because its come from the bottom of his heart but still did not try to offend anyone.
Bukan racist ke apa, just sendu tengok video nih. Rakyat sendiri tak mampu nak beli rumah dh. Developer tak turunkan harga sanggup biarkan kosong bertahun2. Kerajaan pun ikutkn sangat calculation diorang "base on average" konon.
Pastuh dengar pulak angin2 mengatakan nak tarik perhatian foreigners utk beli rumah.
Foreigners beli rumah =
1. Kerajaan make money through high taxes
2. Developers get money = more rich
3. "below" average citizens = terkulai kat tepi jalan
4. Foreigners dapat tempat duduk camtuh jee kat overseas (Malaysia).
Termenung aku weh as a future generation, macam mana nak beli rumah wehh kalau aku dapat gaji biasa2 jee. Takkan nak sewa seumur hidup, nanti anak2 dah besar pun strugle.
Im not against anything in particular but my point is that they should make some consideration for us "below" average citizen.
Aku harap Malaysia is not the next Hong Kong where the citizens itself can't afford a house.
Me and all the next generation struggling in studies, and might not have any good opportunities for desired job. In the end, all those efforts, times and money wasted just like that for nothing.
Foreigners pulak senang2 datang Malaysia bawak duit dari rumah tukar kat sini, boom berjuta2 dapat then beli rumah tutup mata jee.
Bukan apa tapi bukak mata kawan2 aku taknak negara maju sebabkan datangnya foreigners sbb diorang buka peluang pekerjaan. Kita dok bawah makan gaji jee. We need to change too as a citizen, not just kerajaan.
What i mean is that, kita perlu lebih matang utk sustain sekarang. In order for that, we need more geniuses.
Last but not least, comment aku takde kene mengene dgn video nih. Im just pointing out our cricis and the future.
if u can't afford that house and a foreigner bought it...its 'not' called competition.
Spaide man it’s absurd to deny it. When a particular group was “targeted” by the seller in marketing ( target audience), it’s a competition to the other groups.
Only ghost and the rich will occupy the house. 😅
@Gazpacho Suave *champagne shower music noises
If that were to be the case, anyone wants to start some paranormal, ghost hunting career. Post on UA-cam and earn money. Yea... just following, the saying of, if life gives you lemon, make lemonade...kind of......
ANyone having a thought of engineers/ accountants having a change in career? like reduce IQ?
Terbaek
🏢 Pemaju - TAMAK..
🏦 Bank - KARENAH BIROKRASI..
🏛 Kerajaan - PEKAK, BUTA & BISU..
👨👩👧👧 Rakyat - MEREMPAT..
👳♀️👲🧔👨🦰 Foreigner - MALAYSIA MY 2nd HOME
When the global economic collapse finally strike, there will be massive home foreclosure. The time will come where there are plenty of luxury home, yet many will be homeless. There will be plenty of food at the supermarket shelves, yet many will starved.
Does this remind you of the 2008 crash? Cause it looks like the 2008 crash is coming again.
Greedy developers don’t care about housing the people what they care are their profits
I’m not an expert in housing. It would seem to make sense that a tax be levied on these ‘overhangs’ after a period of time. This would force the developers to lower the price which bring a corresponding reduction in prices across the sectors to benefit the Malaysians. All those taxes collected could be used to channel back to build lower cost housing to benefit the masses.
of course with plenty of help from government generous housing development subsidies and official policy, they don't need to care about low and middle income Malaysians home ownership at all.
Thank you developers, our young Malaysian become homeless because money first.
The main problem is while our houses price increased so significantly, our minimum wage doesn't change that much.
Government should impose tax on overhang properties, therefore will result in developers decreasing the houses price.
NICE!
Our property prices isn't expensive, the problem lies in the fact that average people is earning peanuts. 😢 Raising minimum wage doesn't solve anything cause all the numbers raised come back in the form of products price tags. It's the shrinking middle class, or should I say the widening gap between T20 and the so called M40. Funny to see we see RM2million as big money, padahal its just roughly 600K SGD or 500K USD. And the "M40" people in these countries (just as example) are earning easily near 20K of their country currency for "household of 2 working adults". People can come in and sapu the "expensive RM2billion" property just like that.
Malaysia house is not expensive..its just our income is too low and inflation is high!
inflation high, because??
Exchange rate high?
Supply low?
Demand high?
No.... more like, extreme level of distrust. The reason why it is charge high is because, the RISK.
@sonic meister dude hear this kid out, its kinda sad but encouraging
**CnP from a video about foreigner's vlog that want to purchase house in Malaysia. Also this is posted by 19 yo. Hear this kid out, its interesting because its come from the bottom of his heart but still did not try to offend anyone.
Bukan racist ke apa, just sendu tengok video nih. Rakyat sendiri tak mampu nak beli rumah dh. Developer tak turunkan harga sanggup biarkan kosong bertahun2. Kerajaan pun ikutkn sangat calculation diorang "base on average" konon.
Pastuh dengar pulak angin2 mengatakan nak tarik perhatian foreigners utk beli rumah.
Foreigners beli rumah =
1. Kerajaan make money through high taxes
2. Developers get money = more rich
3. "below" average citizens = terkulai kat tepi jalan
4. Foreigners dapat tempat duduk camtuh jee kat overseas (Malaysia).
Termenung aku weh as a future generation, macam mana nak beli rumah wehh kalau aku dapat gaji biasa2 jee. Takkan nak sewa seumur hidup, nanti anak2 dah besar pun strugle.
Im not against anything in particular but my point is that they should make some consideration for us "below" average citizen.
Aku harap Malaysia is not the next Hong Kong where the citizens itself can't afford a house.
Me and all the next generation struggling in studies, and might not have any good opportunities for desired job. In the end, all those efforts, times and money wasted just like that for nothing.
Foreigners pulak senang2 datang Malaysia bawak duit dari rumah tukar kat sini, boom berjuta2 dapat then beli rumah tutup mata jee.
Bukan apa tapi bukak mata kawan2 aku taknak negara maju sebabkan datangnya foreigners sbb diorang buka peluang pekerjaan. Kita dok bawah makan gaji jee. We need to change too as a citizen, not just kerajaan.
What i mean is that, kita perlu lebih matang utk sustain sekarang. In order for that, we need more geniuses.
Last but not least, comment aku takde kene mengene dgn video nih. Im just pointing out our cricis and the future.
@sonic meister our houses is cheaper compared to our neighbouring country..that is why foreigners can afford to flip properties here. Dont say property..even food and product are expensive. Take singapore as example..a same position of job make 3k sgd in sg and rm3k in msia..their chicken rice is only 3sgd to them what is the price of our chicken rice? Not to mention their currency difference just across the bridge. We need raise our income..not reduce property price. Understand moron??
The land now is expensive..therefore developer has to sell higher to cover and make profits...if dont make profit..develop and do business for fucks??? U sell kueh tiow at rm2 laa see u can or not
Dont pening2 mah...just work hard n be rich
dont let this issue become dire a la HK..
in HK, government n property developers work hand in hand increasing property market to out of reach of common hong kongers
Sadly that is how the free market works.
ualuuanie funny.. coz singapore’s home property market still mostly rely on government HDB program.. n look how their economy grow..
so to say ”thts how free marketworks”, yeah thts true, but tht argument shud be debated n things hv to change
a lot of public amenities in developed countries still hv government hands on them..
london underground, paris metro all are governed by governments.. even singapore’s mrt, the infrastructure is owned by LTA..
as much as we all hate najib, he did the right thing to hv mrt under gomen..
housing shud too at least bulk of them
@@ualuuanie That's NOT how the free market works! That's no different than the market in China where the Gov't outright owns the land.... Even the USA is not really that free as a local Gov't either takes a Not in My Backyard approach (Coastal CA) OR lets developers run completely wild (certain places in TX) and overbuild w/o the infrastructure (roads, schools etc) keeping pace....
Sadly, it's becoming more like HK. Soon, Malaysian will just rent rather than owing their own home. It's the greed by the real estate company and the speculators. Bullshit statement by the real estate association to just frame it from their point of perspective.
Rubey leong so true.. the problem abt housing is that instead of taking it as a necessity, people, government, investors, developers, all look at it as an investment
well it is an investment, but to hv a property raised in value by 10% each year, thts just crazy, when average salary doesn’t go up more than 4%
for so called high end housing,, it looks like shit.
houses can cost up to millions right now but the standards and design are low for that price
Built for China by China. What do you expect?
Malaysians- get ready for some more price rises. Malaysia is a favoured destination for people trying to escape Hong Kong. Because of the looming China rules. And I don't need to explain what happened to HK house prices. Most unaffordable place in the world.
"We don't want to have a situation where we have excessive inventory and developers cannot reinvest."
So they admit to protecting the developers. By not letting the price go down for excessive inventory. Even this video in support of the developer. Why do I say that? Because the important part of housing is to get it occupied with local people not sold unit. Sold unit only profits the developer not the people that the home a rebuilt for. No use having sold all those houses but unoccupied.
9 min video....summarised in less 3 seconds....Answer : Greed.. 🤗
True enough, it is the developer that want to makes as much as they can for their own pocket. And I am sure the developers don't really care about the well being of those who can't afford to pay...
good samaritan always get the short end of the stick
@@PP-vf1kx you are right😊
Unchecked greed to be precise.
Everyone involved in property market are working together to keep the price sky high.
1. Developer..cashback, rebate, rent first buy later
2. Property valuer...fees base on price of property
3. S&P lawyer..fees base on price
4. Real estate agents...commision and profit
5. Sub sale investors..profit.
6. Home owner.
7. Auctioner
8. Bankers..maximum loan tenure extended to 40 years.
9. Politicians
10. Local Government.
11. Foreigner home owner.
12. Real Estate Investor.
13. Speculator and Flipper.
Then boomers complain *aiyaaa back when I was 25 I have 3 houses edi you know?*
We should just silence them off by saying "OK boomer "or "shut the Fuck up boomer"
I say this same thing about human condition: bring down all the bloody elites! Bring down the system!
Don't forget those rich pigs who bought low and medium range houses to be rented to those who REALLY need the houses. This scheme also a parasite within the property players.
Yes. Babi2 ni call themselves 'usahawan hartanah'. Refer to my other comment.
Because of Riba. There is no end of price increasing as long as mortgage goes on...
So whats the solution?
minister only care about developor?? how about rakyat, im very worry how the younger generation like me 27 to buy a house in the future,
Work harder and smarter you dumbass. Then you shall afford to get yourself a house. Stupid fckers, always want everything for free from the government. Struggle for it you filthy son of a bitch, already 27 but still can't afford to buy a house, you are a fcking disgrace to your ancestors.
@@ronin7176 its like saying work harder on the job that pays just slightly above minimum wage just like most people but still coudnt afford housr because even income raise isnt even enough to raise your family
good logic mate yeah sure let me buy a 300k house with salary of 2k while working your ass off to the point where you just want to quit your job
@@notbnw6744 i said earlier, work harder and smarter, which part of it that difficult for you to understand? Work hard and smart do not mean that you have to bust your ass entirely for 2k salary for 20 years. Dont put all the eggs in 1 basket, diversify them.
@@ronin7176 jokes on you, you already occupied all of your days on your job leaving you no time on secondary job / side hustle, judging by " dont put all eggs in one basket"
sure, you can invest and let the money work for you while you are working on your primary income source but realistically speaking you are more likely to lose all than earn profit by the end of the month if you have 0 experience in investing
@@notbnw6744 once a stupid loser, always a stupid loser. Save those lame sorry ass whining to yourself. Kinda felt pity and sorry upon your ancestors, for inheriting such a stupid dumb sore loser like you, in this era. Very well then, keep on preaching on your fucked up sad whining to your imbecile offsprings, the world really do need couple of useless idiots like you, as a source of amusement in the future.
Ban REAL ESTATE INDUSTRY and stop selling land to developers.
Welcome to Communism...
Capitalism greed at its finest
*laughs in Sovet anthem
@@masskenny5571 Yeah, and the communist country with which the country rolls in bed for economic crumbs, have much more unsold properties.
@@jimmatrix7244 Unsold property just means too much supply. Developers will build houses and leave it empty until someone buys it.
this happens because that bloody BN allowed it in the past
Because politicians don't care about rakyat. They care about their pockets and the well beings of the developers.
*mic drop*
at this point i will just rent for the rest of my life sigh
syxc b60 are fucked
That is what US people are doing. Rent house for the rest of their life.
lady gkoinami we are definitely heading there
Already happened in Singapore and Hong Kong..
Ride With Me ah shit ....
Isu : Lambakkan rumah tak terjual
Punca : Harga terlalu tinggi dan pendapatan terlalu rendah
Solusi A:
Menteri turunkan harga pemilikan rumah dari nilai Rm1 juta ke Rm500k untuk org asing. Alasan, mereka mampu beli, kontraktor/pemaju takkan rugi dan secara automatik isu lambakkan rumah tak terjual ini akan selesai.
Namun sebaliknya berlaku sekarang ialah kontraktor/pemaju makin banyak bina rumah bernilai Rm500-Rm1 juta.
Solusi B :
- Turunkan harga rumah yg tak terjual kepada harga mampu milik kepada org lokal.
- Tetap atau naikkan nilai pemilikan rumah pada org asing kepada Rm1-1.5 juta.
- Hentikan pembinaan rumah bernilai Rm350k ke atas untuk tempoh 5-10 tahun.
- Bina rumah mampu milik dengan nilai Rm80k - Rm200k.
Burst the bubble, jangan terpedaya.
Square video aspect ratio is the second worst kind.
it's the best aspect ratio for social media platforms. But yes, they should amend the aspect ratio for UA-cam.
I love this kind of format tho..
Agree, bad for me too
Someone's answer would be : because of today's kerajaan
It is. And always be. Whoever be the govt has to shoulder the blame. Before it was BN, now it is understood who. Lol.
Where the affordable housing as Pakatan spread before? Bullshit
@@jimibard512 Which leads to a problem we will all face later. Who would want to be elected into office, only to be a punching bag for millions to billions of people.
Which only means, if there are no one to govern. There will be out right violence as no law can be set to order.
i.e If PH fails, BN/UMNO we know will not be allowed to govern because of >>>>Those who do not learn history are condemn to repeat it.Otherwise, it is just straight up hypocrisy. So which only means, ANARCHY. Which many of us, having a big headache, how to avoid.
Fernandez Martinez PAS also cannot pakai punya one,we already tired to see u guys making fun with religion just to scare people and punish them with hudud...just go to mecca and change ur nationality is a little bit easier to lessen the trash religion people like u...
Fernandez Martinez lol thats mean ur government is corrupt and blackmailing people with ur punishment....ISLAM didnt teach that way...what kind of religion are u?syiah?...trash PAS like u should learn more and stay at the mosque oftenly and doing solat taubat... :)...im guessing that ur party will be punish by ur own follower soon...
All the rich Chinese will eventually buy all the properties in Malaysia and the local Malaysians will live in shacks just like the Philippine and Indonesian people are living in right now. If anyone hasn't noticed yet the Chinese are buying properties all over the world and for this reason is why property is going up and up because their are plenty of rich Chinese who will pay millions for a house. Same thing is happening here in Sydney Australia houses were affordable back in 2004 until the government allowed foreigners to come in and buy property and who were these foreigners the rich Chinese and they pushed up the property prices from $300,000 dollars back in 2004 to $1.2 million dollars today where no Australian family can afford a house anymore.
Wait till u come singapore and buy house, then u knw what is expensive
Haha, that's true!
'Expensive' here means prices of more than 3 times the median annual income in a given nation. If the prices in Singapore is below or at this rate, their prices should be affordable.
Cries in Hong Konger
First world compare 3th world is that right
Generally most houses are above 3x annual income of a household. Besides the developers, various other factors come into play such as
1. Developing country government wants to improve it's status to developed or thinks it is a developed country from inner confidence when the rest of the country isn't sharing the same confidence. This prompts then to develop policies and set pricing akin to their ideal model instead of a sustainable model.
2. Citizens play catch up even if it's not "affordable". Do note again 3x annual income isn't widely the norm everywhere, for example Thailand. Local demands for housing is real as shelter is important. Thus they have little choice but to buy it at the rate just like the rest of the world.
3. Those units unsold become affordable (
What about hongkong, housing price in Malaysia is heaven for them 😂
Aunty washing plates in restaurant earn 10,000HKD per month equal to RM5, 300.
How many overpriced property with low quality are you gonna build?
Mahsing: Yes
House become a commodity, not a basic needs. Owning and renting house become pain in the a**. I can see cage house will become a thing in Malaysia very soon.
Malaysian houses are dirt cheap especially when compared to Singapore. Any average Singaporean could easily afford a 1 million Ringgit private property in Malaysia. Maybe from Malaysians perspective it's ridiculously expensive. Understandable, since Hongkongers somehow find Singapore properties cheap too.
No shit Sherlock,isn't it obvious that Singapore has wayy less land than Malaysia and that drives the price up sky high.
@thin red line because the perception of foreigners buying Malaysian properties is one of the main reasons causing the price rise as mentioned in the video? Technicality it is indeed true that most Singaporeans can easily buy a RM1 million property (my 84 sqm public housing flat in the suburbs is worth RM1,559,509 when I bought it 4 years ago, for example).
The trouble is most Singaporeans are not buying, simply because Malaysia is no longer seen as a stable, reliable location to park one's money, it is not seen to be interested in maintaining a positive relationship with Singapore, and there reality has already sunk in years ago that the homes will be difficult to rent out for passive income, and there is just too much to give up to retire in Malaysia.
China is also investing much less now for other reasons which I will not go into details unless asked to. But these two largest foreign markets choosing not to buy homes despite the huge supply is causing the overhang, which the video did not mention.
Do you think developer give a shit of what government planning, they build as thier wish and some how triple sales price in few years..
You want the system to change? Take your money out of the banks. Use real money. Abolish usury.
Malaysian : I can afford any home..
Japanese: WOW ITS SOO CHEAP!
Because developer and real estate dude are greedy.
*BECAUSE WE A MALAYSIAN*
Btw, if you have a house you will get a girlfriend cuz, she knows that you're rich
I have house, I have car, I have money, but I am considered old, still no girlfriend. How you explain that.
@@ledexpert3850 This guy is still living in the 1990 thinking the 5 c is enough to satisfy their needs. We live in 2019 going into 2020. Women wants more these days. Remember kids, hypergamy is the game of the day.
BECAUSE THE DEVELOPERS' GREED AND THEY PRICE IN THE AMOUNTS OF MONEY THAT THEY HAVE TO PAY FOR THE CORRUPTING BARRIERS THEY HAVE TO PAY - LOCAL , STATE AND FEDERAL GOVERNMENT OFFICIALS.
**CnP from a video about foreigner's vlog that want to purchase house in Malaysia. Also this is posted by 19 yo. Hear this kid out, its interesting because its come from the bottom of his heart but still did not try to offend anyone.
Bukan racist ke apa, just sendu tengok video nih. Rakyat sendiri tak mampu nak beli rumah dh. Developer tak turunkan harga sanggup biarkan kosong bertahun2. Kerajaan pun ikutkn sangat calculation diorang "base on average" konon.
Pastuh dengar pulak angin2 mengatakan nak tarik perhatian foreigners utk beli rumah.
Foreigners beli rumah =
1. Kerajaan make money through high taxes
2. Developers get money = more rich
3. "below" average citizens = terkulai kat tepi jalan
4. Foreigners dapat tempat duduk camtuh jee kat overseas (Malaysia).
Termenung aku weh as a future generation, macam mana nak beli rumah wehh kalau aku dapat gaji biasa2 jee. Takkan nak sewa seumur hidup, nanti anak2 dah besar pun strugle.
Im not against anything in particular but my point is that they should make some consideration for us "below" average citizen.
Aku harap Malaysia is not the next Hong Kong where the citizens itself can't afford a house.
Me and all the next generation struggling in studies, and might not have any good opportunities for desired job. In the end, all those efforts, times and money wasted just like that for nothing.
Foreigners pulak senang2 datang Malaysia bawak duit dari rumah tukar kat sini, boom berjuta2 dapat then beli rumah tutup mata jee.
Bukan apa tapi bukak mata kawan2 aku taknak negara maju sebabkan datangnya foreigners sbb diorang buka peluang pekerjaan. Kita dok bawah makan gaji jee. We need to change too as a citizen, not just kerajaan.
What i mean is that, kita perlu lebih matang utk sustain sekarang. In order for that, we need more geniuses.
Last but not least, comment aku takde kene mengene dgn video nih. Im just pointing out our cricis and the future.
Still cheaper than houses in my country Singapore....
It is actually comparable if we do not take the exchange rate into consideration... But not sure if Malaysia has public housing schemes and subsidies for new families...
@@redsfc This comment needs more like. All I hear is sg people going " first time izzit" or "expensive housing? Come to sg" when all they do is take their powerful currency and convert. We Malaysians could say the same too if the currency is the other around.
News: Majority malaysian could not afford houses above 300k
Developers: Let's just sell them to foreigners.
Policymaker:........
Malaysians: Your not gonna do anything?
Policymaker: So, what's for lunch?
10years ago Malaysian home one of cheaper in Asia, but now one of expensive in Asia..just different about 10years gaming to be on top of the price=greedy
1. Do not give freehold to foreigners. Only gv them 30 to 35 years lease.
2. Property value must be monitored by land administrator.
3. Access to cheaper housing loan is for Malaysians only.
4. Foreign ownership through proxy should be made illegal.
5. Regulate pricing by developers.
Bcoz, those taukey love to put the price 88888888 to it even the cost is only about 50000
I USED to think the over RM 1 MILLION foreign buyers model was a good idea as to not price out locals, so I can't blame the government for that, but now in hindsight, it was wrong as they only considered then CURRENT homes, not future development.
I would suggest the government make it MANDATORY for all developers to build in different price ranges, so if they want to build so many RM 1 MILLION homes, they must ALSO build so many RM 400 000. RM 600 000...homes as well.
Plus I think the government should allow foreign buyers who will LIVE in Malaysia to buy at any price range for ONE home only. If a foreigner will live in Malaysia, they will obviously contribute to the wider economy, not just housing. But then the government should make it EASIER for foreigners to become residents.
I am a Caucasian Westerner who reverted to Islam three years ago. I visited many so-called Islamic countries but found only Malaysia suitable to make Hijra insha'Allah, but when I came last year to enroll my five year old son in an Islamic private school and then buy a house for us and a car...with the intention to live in Malaysia PERMANENTLY,, I was told I wouldn't be allowed as my son was too young for a single father to register him and that the school wasn't allowed to help me with a student visa for my son and a dependency visa for me. So in the meantime, I bought a house in canada and enrolled my son there.
Sadly, I found the government and school system in canada to be run by satanic/zionist Islamophobes and still wish to make Hijra this year insha'Allah, but since Malaysia makes it so difficult, I am considering Turkey or Qatar insha'Allah
The only overhang I saw today was in the shower
Fortunately or unfortunately, there is a sudden influx of Hong Kong people buying up lots of property in Malaysia, since this video was produced. Mostly because of the protests in Hong Kong and the massive slowdown in the economy of Hong Kong due to Covid-19. Also it helps that most of the Chinese in KL and Ipoh are Cantonese speaking. So they feel at home in Malaysia.
Coming years developers will know the sky is high. How they quantified confidence......
Then the crime rates will be increase too. But who cares if thry can just offer the foreigner to work for them
browse a few houses in sarawak, a deaduglyass 1.5 storey house in a shady neighbourhood, kuching is marketed for rm800k. here i am making less than RM5k salary be like ????
Waiting for Malaysia housing bubble to pop
Krating-daeng ; It already did. Yet, u still can’t afford it...
The solution to clear the property overhang is not lowering the minimum purchase price... many of the properties built outside KL & Penang ie like JB (where is problem is most acute) is of such poor quality and built that it is not worth Rm 600,000 so lowering the minimum price will not help. The key is sell these to what it is worth. A typical foreign buy is not the average Joe, they are not stupid they do their homework.
Our currency is too low. Argh this is making me so mad, knowing that there’s nothing i can do.
Malaysia has fallen trap into the "Chinese business" trap. Exactly the same with Kuwait. It's not surprising to see this happen. They should have learnt from the earlier incident of the AFC - Foreign Portfolio Investment.
As a whole, they still need to improve other aspect of their nation i.e education, transport etc before foreigners and investors are actually interested. As far as I can see, the government has paved the way for its own doom.
Just ask the developer to build and sell the house for free. Do charity better. Talking meaningless fact.
It's not expensive for foreigners but indeed unfair to locals . unfortunately it's the same everywhere with this greedy selfish unreasonable world..Johor sold to Chinese is a shameful example..disgusting
I think the investment of government funding into developers also play a part. Can you get the experts to comment on this? if possible lah.
and yet.. they want to develop kg baru when bandar malaysia n trx still a mess..
why don’t they focus on those 2 1st? is one’s guess
alasan utk melayu.. tp klu siap nnt, semua rumah mewah yang ”sangat tak” mampu milik
@@jangguttok7437 sebab orang melayu dalam ph tu pun dah jadi hamba abdi dekat geng2 dap. Dap tu dah la kena tanggung dengan geng2 China. Tu yang geng2 ph tengok kaum orang melayu rasa nak muntah dengan hina. Sebab dorang dah jadi bangsa hamba abdi.
Boo Hoo this has nothing to do with ph or bn.. kg baru n housing issue has been on the forefront since umno time.. u talk abt dap, but at the same time, did u forget
ecrl to china n
hsr to singapore, sapa yg sign??
tambah lagi, forest city developed by china
n even bandar malaysia nk di jualnya ke china..
hurmmm tht all were action taken by a group of greedy malays.. blame no one on tht
if u think umno wont do the same or worse, well u r wrong..
thing is, this has to stop irregardless of ph or bn
Why? Robert Kiyosaki of course! He's the one who kept telling people to buy property and then rent them out. On paper, we have a lot of demand for housing, which pushes up the housing price. But the reality is, these houses are bought by the same wealthy people, and these same wealthy people rented out their many houses to lower income people. Thus creating an illusion of demand for high end apartments, but in reality, there is no such demand.
The solution: Raise the interest rate for their second house with even higher interest rate for subsequent houses in an exponential curve.
Will they use their family members names instead? Yes, but that means that family member will find it harder to deal with the interest rate on their own house when they decide to buy it later. The banks make money, the people can buy cheaper houses and the landlords can still make money, albeit with a lower profit.
And now the price 1million for foreigner is lowered, so it became harder for our people.
So many foreign property speculators' $$$ poured into local housing market in the last decade, driven the existing used houses and new houses to a whole new artificial high selling price level , pushing out many middle and low income Malaysians out of buyer market when local workers' salary do not raise in tandem with annual inflation rate especially housing cost. Previous Government Housing Policy only interested to look after those politically well connected rich business tycoons and political elites ability to own many posh properties in and outside of Malaysia to safe guard their big stash of cash, not to advance ordinary Malaysians and average wage earners housing needs at all.
How can we make sure when the developer reinvest, it will be to the community well-being and affordable house?
Maybe it has a lot to do with corruption and bribery ,as we know Malaysia is not spared of such 'under the counter' dealings. You have to pay so and so this much , if you want this approved or that approved and developers have no choice but to 'quietly' pay up and later to mark up the prices of the houses to recoup those 'under the counter'payments .Just that these developers are suffering in silence.Just that MACC need to be more proactive in fighting the scourge of corruption in the housing industry and the govt. to make housing more affordable.Haul up all the developers and put them through the Lie Detector test and later haul up those in govt.dept in charge of housing and put them through the same test and you will get a clear picture of 'what's going on behind closed doors'
Another quality video! Thank you!!!!
i think this was related to the DIBS. i remember condos being 200k+ then after few years when i was ready to buy it was already 400k+
Its hard to buy a good house nowadays
@Gazpacho Suave In the middle of nowhere..
HOUSES ARE EXTREMELY EXPENSIVE BCOS THE PRICES ARE RANDOMLY FIXED BY THE DEVELOPERS AT THEIR FREE WILL; WITHOUT WHATSOEVER CONTROL BY THE GOVT, NOT PROPORTIONATE TO THE COST OF RAW MATERIAL & FEES BUT DOUBLE OR TREBLE ! ... MANIPULATIVE PRICING ...
What should we do next? Let us know in the comments which Malaysian topics/news/issues you'd like to know more about and we'll see if we can cover them in future Newsflash episodes. Don't forget to subscribe ;)
Greetings from the USA. May I suggest that you cover how this very phenomenon exists all over the world (USA, Canada, Australia, Germany, etc...) and seems to have all started around the same time mentioned in your video, 2009)? Cheers!
police still taking bribe in the new govt.
@@elac1256 Thanks to the Federal Reserve for printing money thru QE 1, 2 3 and infinity with lowering interest rate and going for negative soon.
Banks to start giving loans based on the affordability of the buyers. Developers to stop building expensive housing which nobody demands. Government to start making laws to only allow developers to build houses according to majorities demands and affordability and to stop accommodating the developers for their own fault and greed.
Can consider covering how many of the manifesto points has PH fulfilled. Also, is election manifesto the be all, end all or should the rakyat be more forgiving? Another topic to consider: study debts
overseas also facing the same problem with this..such as hong kong..japan..even korea..it's start from shitty money sucker bank and then developer..also gov..
My mom who works in Property Development says developers are building expensive homes because the construction costs are too high. Anyone wants to share ur thoughts?
I dare to say every developer would at least know that they can profit off a sale of the house when they begin constructions. To say that the construction costs are too high might be true, but ultimately the knowledge of this excessive (mostly foreign) demand allows the developers to continue building. Imagine if developers know that they cannot sell the houses at such a price, would they still allow construction costs to be that high? This whole game of excessive demand is driving inefficiencies throughout the entire housing market in Malaysia. Sad to see with vast land and availability of resources, basic needs such as housing is a struggling concern for many Malaysians :(
My mom just build a bungalow (2018) by a group of Indonesian construction worker on her own land...guess the total cost of construction?
Around rm300k++
Construction cost too high? errmm..how much a person is willing to fork out for a piece of rock? Multiply that many times....?? yes pretty much freely available.
Construction cost is high is because the people who would be trusted to do the jobs. Have certain desires to fulfil. Be it supporting their own family for overseas education, travelling abroad, having a better life. Yea... its a little difficult when they can sort of get the same when they travel locally.
Material wise, might not cost much. Sentimental wise on the other hand is a lot different. If a person has been trusted to do the construction and back breaking stress level to sever injuries. All at the cost of making someone a home to live in. I say this, even when safety precaution have been taken into consideration. That sentiment can really drive the cost up.
One case of such sentiment is when Japan in the past would offer hundreds thousands of USD, not sure how much back then... to venture into the radioactive nuclear plant. I believe you are quite familiar with it. Some would not even consider it even though its a lot of money.
We are born and live in a country where we expected others to do our bidding. And because of such, trust among communities is never that strong. This alone can cause price to fly sky high.
@@shiryuusama6725 Your case or example is based on how socially and resourceful a person is. Im sure such individual would be pressed stressfully for not supporting Malaysian employment and can be called traitorous. Though neither I or many have such sentiment, it is a difficult situation.
@@putrasyafiqroslan1303 Agreed, ive read a report that the ratio of average house price to average individual income is higher in Malaysia than Japan and Singapore. That's ridiculous
Boycott all houses these are greedy capitalism. Let them sink into their own greediness. Gov must provide affordable houses to the rakyat.
They want our money but we don't have money
*Hmmmmmmmm*
This trend started in 2009.. hmmmm I wonder who is in charge of Malaysia since 2009?
As long they gain property tax who cares about us
Free sabah....free sarawak ....free johore....😅
It's because of your admired "Obama" Administration and printing money policy,
As a capitalist, I approved this news
seriously, the price is just god damn high. period
another alternative, if government serious with helping malaysian to own house,
enforce and ensure the welfare of landlord and tenant.
the government start database system on the landlord and tenant where each party able to view/select/evaluate their potential tenant/landlord.
this will ensure to protect both party, example troublesome tenant where always late payment and greedy landlord where every year increase the rent
with this, malaysian much more desired to rent and eventually the property will severely overhang and the price will drop significantly
those middle income earner can finally purchase their home and those high middle income can purchase for investment thru rental.
Because najib buy cheap n resale with high price
Now mahathir looo..najib reign already end.. Still blaming the old political parties ka .. Pfftt
@@syahmi518 not blamming. Things thats still been owned by najib after mahadir take over. Get it?
Dont buy these houses ... Let them leave empty ... Later the devoloper goes bangkrap ...
Because the PM said must plotek developers. Plotek. Plotek la.
China keeps building houses in Malaysia but the real questions is what do they do with their own land???
I’m distracted by your beautiful silver hair
Biar rumah terbengkalai tidak ada nya orang nak beli..mahal.cakap mampu milik.
Not sure about it but I do heard one of the reason why apartment have so many unit unsold more than 9 months is because Bumi lots.
Anyone care to share their opinions here?
I think it depends on a few factors. I can't say much but most of the bumis can't really afford the with current price unless they have a stable and solid income.
How is malaysian home expensive? It’s one of the cheap ones around the region foreigners come in droves to buy it cheaply. It just cost 200-300k usd . Hong Kong ppl and Chinese ppl they buy it. And that price is just 2 cars to singaporeans. The house in malaysia actually is undervalued according to economics, this video is not presenting facts should it move with economy malaysian home would rise higher and it would be harder for Malaysians to buy it.
Yea, wages are undervalued too, according to economics.
The problem is: the currency is low compare to other country