In my opinion, properties nowadays are really rising sky high separating the different classes of Rakyat, which will definitely cause more social friction. Even for us youths, to see that the minimum property price in Petaling Jaya (not even in Kuala Lumpur) is RM600,000 – now where on earth are we supposed to get that kind of money? These are all because developers are just looking to earn more money, and I suspect that the bubble will burst one fine day if it’s not controlled!
- 38% adopting a wait-and-see approach to see if there will be measures to reduce the prices
- 31% waiting to see if there are more affordable housing schemes
- 30% waiting for property prices to drop, making it more affordable.
Since it is very unstable, we the Rakyat has become so afraid of commitment in fear that we’ll miss out on better opportunities, and I find that we’re simply being punished because of the instability and short-sightedness that stems from the property industry.
Thirdly: with respect to the property industry, the top three policies correspondents would like to see implemented are:
- 79% wanting better home financing policies and interest rates
- 68% wanting better protection for property buyers & investors
- 61% wanting to see stricter penalties imposed on errant developers
In the end of the day, we the Rakyat would like to see that every stakeholder fulfils their agreement, and it doesn’t help that sometimes people get away with wrongdoings and no offer for protection is given to the people who spent the money. I personally hope that more action will be taken for those who disrupt the order of things through corruption!
Fourth: when chossing between subsidy to purchase property vs having more affordable properties, 53% prefer to see more affordable properties.
I am very happy to see this result. We shouldn’t be relaxing when we can do so much more. We’re not lazy and we should allow those who work hard to reap the gains. We have hope after all!
Fifth: to the government who will be in place after #GE13 PRU13, these are the top 3 policies the people want delivered:
- 22% wants to see more affordable and secure housing
- 22% wanted equality for all races
- 21% wanted more action to fight against corruption
Sounds legit 🙂
I guess that’s what I have to say, with my limited knowledge on the property industry, more as a consumer. What do you think? Share with me your thoughts 🙂