property 3

Housing discounts are a help to bumis Jan Sep 28, 05 2:00pm



This letter is a response to my fellow Malaysians who had sent the following letters APs bad, but race-based house pricing worse and Five percent bumi housing discount - PM too? Part of being Malaysian is to not only think of oneself but also to think of the fate of others. In this case, the real scenario involves residential housing and the five percent discount afforded to bumiputeras who by the way, are not just Malays. Currently, I am renting in Penang in a residential area with 120 units. Here, there is one Malay and three Indian house owners while the rest are Chinese. This is the reality of Penang's housing scenario even after the NEP policy was enforced.
The crux of the matter is most middle-income earners like myself cannot even afford the house prices here even with the five percent discount! Bumiputeras like me will eventually have to resort to buying a house or an apartment out of Penang island and commute the one hour or more each day to work (that is, if there is no Penang bridge jam). With the rising cost of petrol, toll charges and not to mention the time spent on the road instead of with my five children, I wonder what the writers above are complaining about. Maybe they do not care at all what happens to the rest of us Malaysians. Wouldn't it be nice if out of 120 units, we have neighbours who are of from the various races and backgrounds so that we could learn more about and from each another while living side by side? Even with this five percent housing discount, most middle-income earners cannot even afford housing on Penang island. The prices for three-bedroom houses here start from RM300,000 onwards! A few months ago, I lined up at a developer’s office in Sungai Petani, Kedah and ended up talking to a man (non-bumiputera) from Penang who was apparently purchasing his fifth house which he will either resell or rent. The sales person told me that most of the people who were there were into property investment. Kudos to them for being able to afford it, but I can't help thinking that without the five percent housing discount, there is no way people like me and other bumis can even afford to own our own home to live in. I am not for economic disparity between the races and social class as it will only escalate racial tensions and instability. Perhaps as Malaysians, we should examine the scenario objectively instead of just pouting our lips and whining that some have been treated unfairly by the five percent discount.

It is better to offer to all races. In this way nobody will complain. Now as it is other races will feel that they are not worthy to stay in the country. All benefits should be shared by all irrespective of a race, religion and background. Share the wealth with the people. Why can't the government do the walk less talk? Look around ourselves...I dont think many working adults can afford to buy houses. Even if they can, they have to struggle for at least 15-20 years to pay off their housing loans and not forgetting car loans, study loans, mothers loans, children loans etc As it is every one ( those who are struggling ) can't afford to buy a house. The best way is to rent but when old age comes along the benefits accrued in young age will have to pay back when one is growing old....where is the roof over the head? I have seen people suffer when they grow old...without homes to stay