PPP proposal on discount for house buyers

June 23rd, 2010 by poobalan | View blog reactions Leave a reply »
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This is one of the better things to come out from PPP in recent memory. As house prices are inflated and artificially increased over last one year, many people will find it difficult to buy a house. Imagine if 25-30 years ago, you can buy a double-storey house with your salary of RM2000 or less, now its a mini miracle if you can even get such a house for below RM300,000 in Klang Valley. Most are priced upwards of RM400,000 already. So, can someone earning RM4000 or so buy such a house? Considering increased food cost, need for own transport, petrol cost and telco bills, can forget it la.

People’s Progressive Party (PPP) president Datuk M. Kayveas has suggested that non-Bumiputeras earning an income of less than RM3,000 be given a 10 per cent discount currently enjoyed by Bumiputera house buyers.

He said a Bumiputera house buyer received a 10 per cent discount, irrespective of the person’s financial capability, whereas a non-Bumiputera house buyer needed to pay that 10 per cent.

“In this way, it is believed that every citizen will be more confident on the implementation of the quota and status system,” he said in his policy speech at the PPP’s 57th annual general meeting here today.

The meeting was opened by Prime Minister Datuk Seri Najib Razak.

The other parties should come out in support of this proposal. Would they?

Also, I think houses priced about RM500,000 should not be given any discounts.

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