Making homes for all Malaysians

Summary of BN Manifesto 13GE

Summary of BN Manifesto 13GE

There are a lot of goodies for the betterment of the quality of life for Malaysians in the Bajet 2014 delivered by Prime Minister Dato’ Sri Mohd. Najib Tun Razak less than an hour ago. One important ‘Big Ticket’ item of Bajet 2014 is housing.

First all, Federal Government is committed to realize Barisan Nasional’s promises in the 13GE Manifesto (Aku Janji Pilihanraya) where 1 million homes were to be built in the span of five years. Prime Minister Najib announced that 220,000 affordable homes would be built under the various scheme and programs by agencies such as PR1MA (80,000 homes), SPNB (26,122 homes) and so forth.

All of these are targeted for the low, middle-low and middle income Malaysians. It is clear the grievances of Malaysians across the board about home ownership have been noticed and steps being taken to rectify the problem.

The second one is the attack against homes getting more and more outside the range of affordability. One of the issues that loom the continuous escalating price of homes especially in the urban and high growth areas is caused by speculators.

Real Property Gains Tax (RPGT) is the tool being sharpened to reduce the speculators. For gains on properties disposed within the holding period of up to 3 years, RPGT rate is increased to 30%, whereas for disposals within the holding period up to 4 and 5 years, the rates are increased to 20% and 15%, respectively. For disposals made in the sixth and subsequent years, no RPGT is imposed on citizens, where as companies are taxed at 5%.

It is not as stiff as how we proposed it about a year ago. Never the less, RPGT would definitely curb a lot of the property punters who worked on getting rid of their prize the moment the certificate of practical completion is obtained.

Another important point announced in this budget is the Federal Government subsidy of low and middle cost range of  properties developed by private developers. A special Private Affordable Ownership Housing Scheme ‘MyHome’ is introduced. A maximum subsidy of RM30,000 per unit would be given in a mechanism that would be defined later.

The quality of homes has also been increased. The entry level of housing has been defined at 800 sq. ft consisting of three bedrooms and two bathrooms. The “Rumah Mesra Rakyat” would be introduced where it would be priced between RM45,000-65,000 each.

The middle range homes would be same configuration, but a built up area of 1,000 sq. ft. and priced in the neighbourhood of RM 175,000.

Projects under this MyHome scheme would have the condition of 20% low cost and 20% medium cost homes in the development composition. Mandatory facilities include ample parking, surau, multi purpose hall and children playground.

Under the MyHome scheme, the monthly income qualification for first time buyers for the low cost home is RM3,000 where as the medium cost home is RM 6,000.

In this budget Prime Minister Najib also announced the special funding of RM 100 million under 1Malaysia Maintenance Fund for maintenance and upkeep of homes for the low income Malaysians. Those homes classified as Projek Perumahan Rakyat would get make overs and upgrade in maintenance services.

The sixth point is the Facilitation Funding. RM 4 billion has been provided for the Housing Facilitation Fund (Dana Mudah Cara) to promote public-private sector. RM 1 billion of that would be specifically for qualified entities which include private companies need to apply and the fund would be managed and dished out via the Unit Kerjasama Awam-Swasta (UKAS).

The seventh point is that Prime Minister Najib announced a special grant for private developers building homes for ownership of civil servants. Placed under PR1MA, 10% of the project development cost could be obtained from the Facilitation Fund and under the 1Malaysia Civil Servants Housing Project.

The rehabilitation of abandoned housing projects would get special fund of RM82 million, to rescue 20 identified abandoned housing projects and realise 8,197 families to get their homes.

The eighth point which Prime Minister Najib announced is the inception of National Housing Council. It would look into issues which include land price mechanism and rationalisation of home prices.

It is definitely a very good budget, for the home makers, home owners, aspirant families owning their first home and even those who want to upgrade to a better quality of life.

Published in: on October 25, 2013 at 19:00  Comments (4)  

A bunch of habitual liars

Riong Kali’s pro-Opposition news portal inadvertently nothing but a bunch of habitual liars and/or news item manipulators. This is despite the had a new editorial team migrated from NST recently. Yesterday, they issued a second apology, within a span of a week for deception or false reporting.

News portal TMI tenders second apology in a week

OCTOBER 25, 2013

A screenshot taken from The Malaysian Insider website. A screenshot taken from The Malaysian Insider website.KUALA LUMPUR,

Oct 25 — The Malaysian Insider (TMI) yesterday issued an apology to the Securities Commission (SC) and a retraction over a related news article, making it the second time the news portal has done so in under a week.

In a piece published in its “Side Views” section yesterday, the note by the news portal described its report “SC to order Sime general offer for E&O, say sources” published in August 2012 to be “untrue”.

“The statement in the said article that was attributed to the SC was untrue and was published without verification with the SC. The report has now been withdrawn as it is untrue and false.

“We apologise to the Securities Commission for the said untrue report,” said the unsigned statement.

The offending article alleged that the regulator was ordering Sime Darby to conduct a general offer for the remaining shares in E&O that it did not already own, following the former’s acquisition of a 30 per cent stake in the latter firm.

This did not materialise and resulted in the news portal being investigated by the SC last year.

Last week, the news portal was also forced to apologise to Datuk Mukhriz Mahathir over two articles alleging the Kedah mentri besar of engaging in “money politics” in his unsuccessful bid for an Umno vice presidency on Saturday.

“The Malaysian Insider apologises to Kedah Menteri Besar Datuk Mukhriz Mahathir over its report titled ‘Mukhriz raises the stakes in VP race with 1.2 million SMS blast plus ‘windfall’ for party branches — sources’, and its Bahasa Malaysia version, ‘Jentera kempen Mukhriz agresif, ‘hujan emas’ dijangka turun bermula lewat malam’,” the news portal wrote after being threatened with a laswuit over the reports.

Yesterday, state sovereign fund Khazanah Nasional also took aim at the news portal for what it described as “irresponsible reporting”, alleging that two articles published on the site portrayed the government-linked firm as uncooperative with national auditors.

It demanded both an apology and retraction for two articles, “Parliament’s bipartisan oversight panel probes Khazanah’s costly ventures” and “PAC siasat perbelanjaan melampau Khazanah”, saying it will consider legal action if this was not forthcoming.

– See more at: http://www.themalaymailonline.com/malaysia/article/news-portal-tmi-tenders-second-apology-in-a-week#sthash.e22zW6p1.dpuf

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Last Saturday on the morning where 146,500 UMNO delegates from 20,800 branches in 191 divisions had their AGM and casted their votes to elect divisional committee leaders, 25 Supreme Council members and 3 Vice Presidents, TMI issued an apology to MB Kedah Dato’ Paduka Mukhriz Mahathir for their false report of him sending out 1.2 million SMSes.

Apology to MB Kedah Mukhriz for false reporting with a sinister agenda

Apology to MB Kedah Mukhriz for false reporting with a sinister agenda

This has now becomes a pattern for TMI. This time two years ago, they had to take advertisements in NST, The Star and Berita Harian for perpetuating a lie about former Malaysia Airlines Chairman Tan Sri Tajudin Ramli who was alleged to have aggregated a loss of RM8.1 billion when he was heading the national carrier. TMI had to apologise or risk a suit of RM200 million clamped against them because they have no shred of evidence to substantiate the perpetual lie Opposition leaders attempted to smear Tajudin’s name in mud  in their sordid politics of demonise the Federal Government.

Former Malaysia Airlines Chairman Tan Sri Tajudin Ramli looking at Malaysian Insider's ad in NST and Berita Harian today

Former Malaysia Airlines Chairman Tan Sri Tajudin Ramli looking at Malaysian Insider’s ad in NST and Berita Harian today

The personalities and key people within the Riong Kali news portal themselves have eroded the integrity and credibility of The Malaysian Insider with their deemed acts of malice through deception, false reporting, manipulation from the facts and truth and speculation with sinister agenda.

The Malaysian Insider's apology to Tajudin Ramli, NST 7 Oct 2011

The Malaysian Insider’s apology to Tajudin Ramli, NST 7 Oct 2011

Published in: on October 25, 2013 at 16:15  Comments (8)