Pls read.
http://www.theedgemarkets.com/article/govt-committed-delivering-one-million-affordable-homes-10-years

Chonghai,
This is not Gomen project. Private project. Just that now Gomen need not build 1m affordable homes. Private developers will now help out to make the number.

FYI, if all approved, will launch by Q1 2019.
SC to review structure, guidelines for property crowdfunding framework
http://www.thesundaily.my/news/2018/11/05/sc-review-structure-guidelines-property-crowdfunding-framework
I think a lot of ppl hv mistaken it to be another gomen rumah kos rendah. It’s not. The private company involved is The Edge Property Sdn Bhd.

i3gambler,
Ideal scenario la, u r painting.

By then how sure r v economy will turn out that well with this type of national debt, budget, current share market, and property market?

Anyway, if he is already earning an income, I would ask him to apply for RUMAWIP using traditional loan. These houses even cheaper compared to those offering by fundmyhome.

Actually, if he cannot qualify for a normal loan he better not take a loan. If he already big boy yet cannot stand on his own 2 feet, need old man to sponsor, He not my son. Like banker,will also ask him to fly kite!

5 yrs lead time is to buy time? So that the NINJA ( no income, no job, no asset) category can do better by then and qualify for traditional loan (80% outstanding)? If they still don’t qualify for the loan, they will hv to sell. That’s the main worry.

Hi qqq3,
Only for 1st home owner.

If take traditional loan, no need put 20% up front. Just 10% will do. Those taking traditional loan also can sell after 5 years. Without having to share profit.

20% down payment is because it’s pretty high risk of default in nature,(learning fr other country’s experience. )

Posted by qqq3 > Nov 6, 2018 03:17 PM | Report Abuse

this platform is for everyone.... anyone can oarticipate

Hi speakup,
I think its sorta NINJA loan. Just for B40 who x qualify for normal loan. Different loan category for different segment of society? ;)

I heard such scheme already exist in Msia. Wonder how they are doing?

Posted by speakup > Nov 5, 2018 02:55 PM | Report Abuse

only idiot will sign up this scheme

Lets say after 5 yrs, most 1x home owners decide to sell, will there be a ready market? Klau market still overhang macamana? Bole tak Owner just pindah, cant be bother with the investment? If like that semua investors yg sangkut perlu byr tu rpgt, cukai pintu, cukai tanah? Klau x mau byr, rumah dirampas gomen ya? Hahaha!

Susah if involve with owner yg bgt. Too many parties involved.

https://www.fundmyhome.com/calculator
This is the new scheme.

To stay on after 5th yr, need to refinance the appreciation. Of course there are quit rent, assessments,stamp duties, maintenance etc to take care of by owner as well. If sell after 5th yr, not 1st property kena RPGT also upon exit. Investors can take 80% profit of propertys appreciation.

I wonder if good deal for investors? You see, if value appreciate must divide among investors. if depreciate, owner kena aborb the loss. So investors quite safe? What do you think? Better than FD for investors? Wonder if retail investors like us can participate?

@speakup
;)

Read this 1! Aiyoyo! hohoho PH will only consider if BN knee down, and beg ! Lol Let’s see who will do that! Hahaha!

—
PUTRAJAYA: Pakatan Harapan parties will not accept Barisan Nasional MPs en masse, but will vet them when they are on their bended knees.

Pakatan Harapan chairman and Prime Minister Tun Dr Mahathir Mohamad said that there is no intention to blacklist anyone from BN but court decisions will be taken into account.

"If they leave the party and become neutral and support the government and (then) they appeal on bended knees to join us, we will consider," said Dr Mahathir.
Read more at https://www.thestar.com.my/news/nation/2018/11/03/dr-m-acceptance-of-umno-members-into-pakatan-on-case-by-case-basis/#qfWSoGu6HfzcR164.99

No need debate d. :( We better shut up. Lol Tun says Govt will defend budget from any criticisms - Dr M
Read more at https://www.thestar.com.my/news/nation/2018/11/03/govt-will-defend-budget-from-any-criticisms-dr-m/#UoZ5RgrrWBBh6Cvf.99

Foreigners won’t invest now. :( B40 cant buy the properties T20 & foreigners can afford. No point so focus on B40. To move the whole market, try give tax exemption for 1-2 year, see what happen? Tax on stamp duty , gomen also can laugh all the way to the bank! Remember the tax hol we had recently, how the car sale suddenly surged like no body’s biz! Property overhang in this country quite serious.
https://www.edgeprop.my/content/1441093/budget-2019-rpgt-hike-could-discourage-foreign-property-buyers-says-cbrewtw

I agree increase within 1st 5 yrs makes more sense than after. http://www.theedgemarkets.com/article/increase-rpgt-rates-within-first-5-years-would-make-more-sense-says-peps
Gomen, pls reconsider. This budget will make property market even more stagnant!

The T20, M40 And B40 Income Classifications in Malaysia
https://www.comparehero.my/blog/t20-m40-b40-malaysia

Instead of bizmen u mean L40, right?

B40 if tinggal di hutan atau luar bandar (hard core poor/ poorest) , where got bank account? Semua terima cash? Cash tu bole bagi, bagi simpan rumah. No trail. Example, Some politicians claims bag wang yg jumpa di rumah tu undistributed BR1M, political funds. So this time same ka? Lain nama je? Cash can really subject to abuse.

B40 ppl wont touch jobs by foreign workers. Too lowly? And they not qualify for higher posts. So gomen aka surrogate parents kena bagi allowance tiap2 bulan sampai boleh earn decent Salary. Not sure good idea. Teach our ppl to fish, not give them fish! Sampai bila nak suap? Dah 6 dekad macam tu... Sedih!

Our labour force not ready to complete esp. in IT sector. Graduates ramai, tapi dunno la, skills level not there. Thats why i wonder that RM60.2b education allocation utk apa sebenarnya? Science n tech ada tak allocation? Pls help check?

Increase Salary bad for employers. For middle to upper level, kena tax kaw2. End of the day only the B40 benefits. Seriously, they must polish up their skills la. Employer pay for skills n productivity. No need gomen intervene also their Salary will be upgraded if they r good.

IN Many developed countries, their ppl dun work whole life just to pay off housing loan. They rent. Nothing wrong with renting. When family grows, can upgrade easily. When empty nest, can rent smaller space. Some more landlord maintain tu property. No need pay quit rent, assessment semua tu... Our ppl mentality very different. Earn RM2-3k also want to own a house.

How gomen identify what cc our car?

I’m very conservative person. I always believe live within our means. No money buat apa nak beli rumah?! Eligible for bank loans only beli safer.

Lizi, ya how p2p work? Yup, new concept here.

Education gets RM60.2b. Wonder how they gotta spend it.
https://www.thestar.com.my/news/nation/2018/11/02/budget-2019-dr-maszlee-on-cloud-nine-over-rm60-2bil-allocation/

https://www.thestar.com.my/news/nation/2018/11/02/budget-2019-ku-li-questions-whether-higher-allocation-for-macc-is-to-catch-people/

@laychee, ya ka? Even legalise cryptocurrency ? Paste link? I must hv missed it.

I tot Bnm ban itu semua. https://sg.news.yahoo.com/vida-cryptocurrency-added-bnm-consumer-112825343.html Even our banks outlaw all such investments.

Next few yrs will continue b like this?
https://www.nst.com.my/news/nation/2018/08/405432/balanced-budget-unlikely-several-years-says-guan-eng#cxrecs_s

So luxury goods semua no future d. Must shop at Chow Kit d... imitation goods no issue with gomen kut... only scare ur jiran ingat u punya Rolllec real Rolex and report u to irb. Habis! Hehe...

Instead, I think LGE should say irb must investigate individuals in public service, political appointees, not semua org.... that type of statement will scare the hell of the top 10%. Without these wealthy biz men, how our eco will grow ? Got money also cannot use ka? Socialist eco?

—-
KUALA LUMPUR: The Inland Revenue Board will investigate any extraordinary wealth displayed by individuals, said Finance Minister Lim Guan Eng.

He said these individuals included those who owned luxury items such as jewellery, watches, handbags, luxury cars or real estate.

The super rich will be investigated!

More clean up necessary lol ! Hahah!

Budget goodies only for the Lower Income group, civil servants n. retirees. The rest of us, doesn’t seem to exist in gomen’s eye. :(

Gomen should also impose carbon tax. So many old buses still on the road n they emit dangerous asap! U drive at the back of them, ur car turn 2 shades darker! Hahaha!

How gomen identify our vehicle how many cc ?

Good!

At Mamak restaurant boleh?

Isn’t rpgt based on holding duration?

Such tiny budget. And concentrate at rural areas only. Disappointed.
—
* To promote digital economy, the Government will implement the National Fiber Optic and Connectivity Plan (NFCP) with an allocation of RM1bil.

This 1 good. Less jam. But why didn’t intro. carbon tax to lessen air pollution in cities?
—
The government will freeze toll charges on all highways in the city in 2019 with an estimated budget RM700mil.

If v earn our ministers type of salary, “maybe” kena tax kaw kaw la! ( or maybe “those above their range only will be taxed kaw kaw“?!) Dunno la.
Anyway, they promise not to burden rakyat. https://www.thestar.com.my/business/business-news/2018/11/01/new-tax-in-2019-budget-will-not-burden-the-people/
Lets hope so la.

Uncle, after 1 yr, a ctr may not longer exist in planet klse! These days, punting boleh, invest memang x boleh! If Uncle do not wish to see us gamble and lose, Uncle should campaign for gomen to improve corporate governance, clean up all listed arms so that these co r profitable n worth long term investment. Look at the cause of the problem, Uncle. Not impose penalty by taxing retailers who try so hard to improve their livelihood.

Posted by OldUnclee > Nov 1, 2018 09:47 PM | Report Abuse

lizi, you are right I think contra gain taxes would be more appropriate. Instead of buying and selling stocks within a week, holding it for at least 1 year will get tax deduction entitlement. That's the better way for the market and more productive for everyone.

http://cpps.org.my/wp-content/uploads/2017/10/Remuneration-of-Elected-Officials-in-Malaysia-Factsheet.pdf

I remember foreign press often quoted ex PM Najib’s salary to be USD70k. That means aro RM300,000 pa. https://www.vanguardngr.com/2018/06/273m-seized-from-ex-malaysia-pm-with-5670-salary/ Even in the recent al jazeera interview, the lady journalist mentioned that. Some more Tun has slashed his cabinet salary by 10% recently. That’s why I’m curious when the macc list came out, why such big difference? How to read the income listed? If monthly must be inclusive of other income ( but can politicians be involved in running own biz? ) ???

That’s why that day, got news saying generally locals won’t be affected.

IF CGT is going to be implemented at all, it will be RPGT for foreign owned properties. Tun hates foreigners buying up our properties.

Mere speculations, okey?! ;)
https://www.nst.com.my/news/government-public-policy/2018/10/426505/updated-capital-gains-tax-implementation-under-budget

Tara CGT, okey! ;)
https://www.thestar.com.my/business/business-news/2018/10/15/no-inheritance-capital-gains-tax-in-budget/

I tot tat day LGE kata no CGT for stock market! Sure won’t implement.

Family terdekat need to declare sbb takut left hand transfer ke right hand. This is macc not income tax.

Son tara declare. Daughter yg 1 or lagi pun tara declare.