DONE DEAL: Condominium unit, Tropicana Grande, Persiaran Tropicana, Petaling Jaya
Sold for: RM2.85 million (RM777.41 psf); Concluded by: Sean Inn of IQI Realty (012-2876 600) (REN 18479); When: August 2018
Sold for: RM2.85 million (RM777.41 psf); Concluded by: Sean Inn of IQI Realty (012-2876 600) (REN 18479); When: August 2018
"...we don’t expect the government to withdraw from [investing in affordable housing] overnight. In a positive stance, the incentives and action plans were very limited to very low income people such as those who are earning less than RM2,300 per month to own their first home.”
Technology has encouraged product innovation and created new ways and means of doing business in an age of digital disruption.
Speaking about the peer-to-peer lending scheme, the senior analyst said: “Some of the homebuyers may be unable to fork out the 20% payment because for a RM500,000 home, they will need to fork out RM100,000, unless the developer may be offering to subsidise the 10% [half of the 20%].”
“Companies have overheads to cover. What is interesting would be how is the government going to monitor these selling prices by the developers?”
New developments close to the MRT stations, it seemed, are not built to suit the median income or the common man. The M40 and B40 groups do not benefit. - Zaidel
Mah Sing was ranked seventh in The Edge Malaysia Top Property Developers Awards, the anchor awards of TEPEA.
“It is likely to be rakyat-centric with emphasis on increasing homeownership especially among the B40 group, to help them own homes.”