KPKT introducing new social housing model | Interview with YB Nga Kor Ming
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- čas přidán 30. 07. 2024
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I am excited for having that rare opportunity to be in conversation with the leader of Malaysia Housing Ministry (KPKT) regarding their latest proposal of Program Residensi Rakyat. It is a brand new housing model for B40 with lots of initiatives that I personally agree too such as the RM 15000 fee for maintenance, the moratorium for restriction of subleasing, the return of subsidy after selling the property and etc.
Although this is still in proposal stage but technically I find it very interesting.
Woah what an honour to interview with the minister. Nice!
This Minister knows what he is doing, loud and clear... Good Job.
I like the way he speak, very structured and firm.
Me too!! His public speaking is next level!!
Excellent interview. Very heartening to see a government leader doing effective ground work for the low income population. Well done!
Yupe. I agree:)
He’s awesome!!
Very fresh English spoken Menteri Nga
He's a debating champ
lol look at his pronunciation, his accent is strong, like see the way he ‘evilything, evilyone ‘ 😂😂😂
@@reagan8653 pelat hahaha
Happy to know that the Government is finally taking action on this section of the property industry. However hopefully they do upgrade the parking system as well. Nowadays the main road is where people park their vehicles. Not just PPR, even condominium. How crazy it is nowadays we buy 3 bedrooms property but only got 1 parking and the developers don’t even rent or sell additional carparks. Anyway thanks Sean for the podcast!
some developer sell the second car park. i think majority la. where do you all this year? the problem is ppr doesn’t equipped with parking lot.
@@fendi2785 yeah some developer do sell carpark, however it is still limited. In my case I pay RM10 daily to park as overnight visitor. Our developer does rent carpark but it’s not convenient for residents as it is outside of our condominium and no cover walkway.
All comes down to cost. Imagine each unit carpark allocation x2 for a high density residential project, who's gonna pay for the extra floors?
@@jiahong8342 agree, It’s all about the cost. However if the Gov/Dev don’t find a solution for this then forever we will face an issue where people park illegally on the side road. When there’s fire, Bomba can’t get in and the fire spreads.
I like the way he speak, very structured and firm.
Salute YB Nga, for excellent command in 3 languages.
Great interview, short, simple with no fancy words as well as precise. I hope that the impending government policies will be promptly enacted and effectively communicated to the public and Rakyat, fostering greater awareness and understanding. Additionally, it’s essential for the government to undertake extensive PR efforts to prevent any unethical politicians from exploiting or distorting these policies for their personal gain.
Being highly subsidize property, the Government shall ensure no one will take the opportunities to speculate and make profit from it.
Purchase at RM60k and later sale at RM600k still allowed people to gain profit even though some profit(eg.10 - 30%) return to government.
The government should study the problem seriously before implementing a new policy which is workable.
My suggestion is:
Cost RM300k
Purchase at RM60K.
When selling at RM600k.
Should return RM240k(Subsidized amount)+ 50% (balance amount)share profit return to government.
Agree, no one should make profit from governments subsidizing property.
Don't worry I haven't hear those 300K affordable unit selling at 400K chances are these units will only have 1 owning family, pass down gen by gen until the building gets too old to be habitable 😂
Thats good effort, they should expand PRR outside of KL cbd, with good transport connection, less pressure on cost and more space is available
It doesn't make sense for government to subsidise 80% of house price to limited number of people , government may just subsidise 20% to more Malaysian instead
One of the best interviews! Thanks Sean😊
I am your immediate neighbour who just returned from a business trip to KL. I feel that Malaysia has improved over the past 1 year plus . KLIA is more efficient now. Toilets are also cleaner. The Malaysians I interacted with, of different races, speak well and have good working attitude, Kudos to the current government and its people.
🙌kudos! thank you sean
Hi Sean! Great interview. Looking forward to the new social housing model.
good job to Sean and ministry of housing, let us all work together to make things better 😃
Good proposal. As it involves collaboration with State Government for land acquisition, it will be best to also study the practical segmentation of B40 in each city or State taking into account living expenses in each location as current static classification is outdated.
Wished it was longer like your podcasts haha
That was all the time I had. 15 mins, nothing more…😅
that was insightful and inspiring !
:)
That was a clear and concise. The rules seems correctly balanced and on the mark, we wish you good luck.
About abandoned projects like the one in the last video in jaya - is there a way to get these into the hands of builders that will complete them faster? 10-12 months to transfer from a non performing legal entity is to long in a such a wet climate as Malaysia is in.
So how is it different from PPR other than adding a few much-needed rules to it? Still meant for B40 only, where is the social in that?
Anthony Loke once said Malaysia has 1st World Facilities but 3rd World Maintenance. That "Condo for PPR Price" kind of resonates with that point.
Good job, Sean! This interview provides an important insight into the governent's proposed PRR public housing model. Having said thet, I have 2 questions:
1. If a husband and wife, each earns RM3K respectively (i.e. total RM6K per household), are they still eligible to apply for this program since one of the key criteria in terms of monthly salary is based on a max of RM3K earned per owner, and not per household (I may be wrong).
2. Since the owner is allowed to sell the apartment after 10 years with the condition that he pays back the initial purchase price (this is my understanding of what YB Nga Kor Ming said) - surely after 10 years the government would be wise to re-evaluate the base (purchase) price of RM60K taking into account inflation and market conditions, and the owner in question should be compelled to pay the prevailing price taking into account inflation.
Thanks and again, good job!
Housing for B40 should be subsidised by the developers. For every high value housing area, there should be a a certain number of low cost housing quota. Can be in further areas.
Already have this especially for big developers taking large area. Why you think there is apartments and parks provided by developers.
This is the existing model in market - Problem would be that developers will then pass on the cost to normal buyers like you & me
Malaysia has many rules, the thing is WHO IS ENFORCING? Blatant disregard for rules, “Dilarang buang sampah denda $xxx”. And you have a pile of rubbish under the sign. “Dilarang merokok”…you know where this is going kan.
On food wastage, some restaurant apply monetary fine for excess food thrown, why isnt this not normalised
Thanks Sean for the great content. Happy to hear government has came up with great models to help the rakyat, just curious what's the execution and enforcement plan for these great models? For example, how will government track down the defaulters or people who have profited from selling their heavily subsidised asset?
Very good idea leh
This is your best video yet.
Appreciate the kind words:)
Thanks for making this video, much appreciated❤
Glad it was helpful Rayson;)
Just blacklist those who defaults monthly maintenance in CTOS.
B40 groups are mainly underserved community that hardly qualified for conventional loans, hence blacklist them on CTOS have literally no effect...
This type of housing management ada maintenance mia, rich dude from strata title unit.
Hi good insightful video as always but i could'nt contain my curiosity throughout the whole interview, is that a JLC Reverso on your wrist?
Strangely why all these efforts are not shared publicly? I need to listen to this channel to know details.
The camera autofocus is hunting when the subject is moving.
It’s good that the govt is trying to rethink the current housing issue.
Aside from affordable cost, how does this housing differs from ppr in ways that it contribute to the community?? Frankly no one enjoys attending classes being told what to do 😬 Would prefer for more holistic approach on solving urban issues such as transit oriented development, molding good residency habits and cultivation of healthy vibrant community (ie. Urban garden, free for all workshop, support for resident-based business etc)
I really liked the idea that the subsidies are subjected to payback to the gov should the owner sell it
to pay back the difference (RM 200 K - 60 K) or the profit divided by 2? hmm... 10 years from now, RM200 K cost of construction should worth more...
Not against the idea or anything, but “condo quality with PPR price”. I dont think its going to be sustainable unless they can fetch maintenance fee on a regular basis. Doubt it’ll be smooth sailing collecting
They already are collecting the maintenance fees upfront.
Also the part where you ONLY return the subsided amount back to the National Housing Fund 10 years after moratorium ends, Hello inflation?
U never visited any HDB?
One more criteria - The buyer/owner of the subsidied House must not holding private house within the 10 year memorandum period.
Wah… this one is the deal breaker leh…
Good point!!
sudah lama ada la itu dlm t nc ppr😂😂😂
This kind of thing. Every single singaporean can teach you how to navigate around it la. For example papa is the registered owner of the PRR. Can use mama name to buy. If mama name also in the PRR. Then use kids name to buy. Do a supplement agreement the papa as the guarantor for the loan and house. There are 1001 loop hole that can be abuse. Hdb housing already around for 60+ years there are still ways people abuse it. Their side is more strict and only allowed married couples to buy them. Here if single 18 years old above can get, sure the spouse can legally get a private unit without issue.
This has not include enforcement difficulties. So many hdb owners owns foreign property and hdb hardly catch them. It’s difficult due to PDPA and financial institutions have no obligation to provide data.
@@LesterykyI agree there will forever be loopholes for every policy but the aim for now maybe is not to eliminate all of those instead we could minimise at its best. Since one of the criteria is minimum 18y/o and 1per person only in this case I believe it could helps in a certain amount .. unless they have a lot of kids lol
It’s so hard to watch , the lens focus keeps changing
YB, please take a look the the KLTS (for KL Solid Waste Transfer) conditions, its had become from bad to worst now !
Wow
:)
Enforce to attend class to solve problem that ppl not paying maintenance fee?? Too young too simple, sometimes naive.... Just lelong their unit and give it to other la..
So the question is how much or how long before auction? Then who auction it? Is it by the management? Or the developer? Then at what price?
Personally I think education and awareness is the first phase, if after education still don’t perform their duty of paying installment only we can proceed with your idea haha:)
@@iherngI second your opinion bro! I strongly believe that education could solve this problem. People should have the awareness and knowledge regarding this. It’s a common sense to pay for the facilities that u use. It’s ridiculous and selfish to simply use it while others are bearing the responsibility and price for maintaining the facilities that u make use! Thank you for this video bro! Keep doing what you’re doing!
The education serve 2 purposes, 1 is to educate of course but most important of all (I guess only) is so that when action is to be taken against the violator, they can no longer hide behind "I donno, nobody tell me before, how can this gov so cruel I did nothing wrong, etc"; Is sort of a soft contract signed by the tenant and a pcs of evidence provided to the government to use against those violator in the future.
Education maybe on the first phase only maybe more could be implemented further on. Just like how we listen undang and get our driving license, if we break rules then get terminated hehe hopefully law enforcement have the power to enforce later.
Sean, it is better be silent instead of mumbling when the other person is talking. It is different when in front of camera and when we are talking among our friends. Audience will be able to listen more clearly.
Cost to build a PPR type new flat can go up to RM300,000? Wow .... I wonder how transparent is the process in choosing the contractors and most importantly, the costing. Otherwise, we can only guess and hope that there are no leakages. After all, the government funds come from the taxes that we pay right?
Is it too high or too low. Based on their proposal, it’s gonna be a 3 bedroom 2 bathroom unit 750sqft unit.
@@iherng wow 3 bed 2 baths for 60k? now i also wanna be poor haha
@@iUncleBladeYJyou can try apply la. some of the people with good connection can easily bought it. lol. then rent it out to bangla, nepal, myanmar. similar situation right?😂
@@fendi2785 yep hear enough stories edi hahahh 😂 too bad I no connection.
❤
Don't tell me goernment has to relay to Unicef for survey on the residency of own residency program? This already send out many wrong signals
Gov must have new law to ensure residents pay the maintenance fee. If unpaid, gov has the rights to take back the house. it is reasonable to collect rm50 a month.
Now their plan is to straight away collect upfront RM15k from the sale of the unit. That’s why I think it’s a good idea.
@@iherng rm15k upfront can last how long with current inflation? Majority Malaysian B40 mentality still doesn’t know how to appreciate gov effort. I still think gov must have stricter regulation management able to confiscate / auction the unit if the defaulted is xx number of months including private apartments or condo.
Then eventually someone with SOB story will cry at the street, an opportunistic politician will grab the opportunity to make a big fuss; Those who knows 1+1 will join the rally (so that they hope don't need to pay too), is a self feeding vicious cycle that will sweep across every PPR, almost impossible for the running gov to solve. No gov dare to p*ss off this group (B40) of people, they are the biggest chunk of your voter base, they may be wrong, but as long as u want to be in power, u have to give in & that's when al running PPR house will fall apart.
I’m wondering how they collect the RM15K? since most bank will only offer loan for SPA value. Will the SPA price be RM60K or RM45K? If RM15k not funded, can the purchaser fork out the RM15K cash to pay for the advanced sinking fund?
@@yeohkw for most govt housing, bank is actually giving 100-110% bank loan, that's also one of the effort govt put in to assist more ppl to own a home, so I thk this is one of the way how they come with the upfront
housing minister should look at google reviews sometimes, most of the management is managing the property like they are the boss, owners are the squatters. problems never being attend to
how much of the food waste from businesses? surely those F&B chains,convenient stores, supermarkets, farmers throw out food
I love the idea. If the subsidy is 240k, if any extra profit above the subsidy only the buyer can keep. The 240k must be returned. Win2, the buyer gt to save alot on interest. This is similar to Sg new hdb rules
But 240k, thats alot subsidy. Imagine ppl with income lower than 3k can own properties with the help of govt. What about ppl with income higher than 3k but lower than 4k. I think govt need to rework the income threshold abit.
@puiyinchai1437 True, usually the 1 in middle is the worse.
Government subsidy till 240k is unpractical, How many 60k home could government give ? 200? 2000?
Should built a house that come with recreational facility not swimming pool, sauna, gym.
300K is ok for KL region may want to try 200k housing rumahwip
Try built more 2 rooms rumahwip instead of 3 rooms.
just stick back to Pr1ma model, more practical
We are not talking about rumahwip yea. It’s comparing to the existing PPR flats.
Thanks for sharing:)
@@iherngppr flat model is not practical but the price you mentiom with the facilities this nga what ever mention is seems bullshit. 😂😂😂. do you think ppr model can be improved with price just 60k? do you know current price of ppr flat? 30k to 45k. this is bullshit la
@@fendi2785i dont think there will be pool in those project. But basic necessities 😊
Talk is one thing and walk is another thing. Let’s see if things can work in this new madani government.
Well this is still in proposal stage, hopefully it gets through.
Quite frankly, 15k for maintainace and sinking fund isn't sustainable. Especially if they want to provide condo like facilities. Even in wealthy Singapore, it's not feasible to do so. Far better to spend the money on building new or upgrading and properly maintaining our community centres, and keeping the maintainance and sinking funds charges lower and more acceptable to residents. Even private condos face problems properly maintaining or upgrading their facilities. The maintainance fund portion will just be a hedge against non payment for a relatively short period. What happens after that? There has to be legislation in place to allow the govt to give a threat of seizure and forfeiture to auction the property, otherwise, there will be no incentive to pay up. Also, like in singapore, you cannot own another private property unless you sell the HDB property within a stipulated period, otherwise you could just rent out your private property but still enjoy your subsidised property. In Singapore, even the sale of HDB apartments have to go through the HDB through a very rigorous checklist to ensure there's no hanky panky. The resale apartment owners still have the same restrictions of not owning other residences but not on income ceiling. This ensures that the pricing will still be more affordable than other properties within the vicinity so they are actually still 'subsidised' in a sense. Not a perfect system but then it is subject to a lot less abuse.
Here comes your first Chinese commmet in this video-
讲到政治/政策很多茶室专家跑出来了😂😂 每次都在comment人家做不好不如乘机留言一下你们的suggestion咯 一起进步好不好不要只会埋怨啦😊
For low-income people, this home ownership scheme is undoubtedly good news. To buy an affordable HDB flat in Singapore, only a couple or an adult child with his or her parent are eligible to buy a hdb unit in joint names.
For this PRR scheme, if a man and woman successfully purchased or rented a low-cost unit respectively before marriage, after registering their marriage, should they give up one of the rental units or sell one of the units to return to the government?
If you build a 300k worth of flat unit, this gotta be at condo level quality. The 15k ransom i doubt will be enough to cover anything beyond 5 years. Yet, this intentionally inflated PPR sale price will go on and pass the end cost to the next supposedly B40 buyer.
Also, based on yb nga, the house is allowed to be sold without a controlled price after the mora is over. Tho need to return the subsidized amount back to KPKT, this will put unnecessary burden for the ministry to monitor on a long term basis. Enforcement is already bad in Malaysia, imagine the loopholes that people will eventually abuse.
I think KPKT need to think beyond if they really want to revamp the PPR concept. Identify the real issue, i dont think gov objective is to force home ownership, but rather, they are supposed to ensure that rakyat is able afford a roof over their head regardless of their social status.
Announcing more schemes for gov to blindly award contractors to build more tall walls of subsidized high rise that are open to abuse by the son and daughter of M40 families is too shallow to call it a day.
Sounds nice, let's see if this administration can even survive the next GE or not first lol
Hopefully don't abuse excessive development project launches...
That I agree. Let me bring up all the concerns to YB when I see him again.
@@iherng I like your question posted to him about food waste.. and we are really lay back on garbage disposal, and packing boxes disposal from supermarkets and cafe as we eat out more than in the past..:)
It is a nice effort but the implementation is always fail. You can set the T&C but No one is obeying the rules or no reinforcement at all. You can see all those (RumahWIP, RSKU, PP1AM) government initiated affordable housing also allow sublet or renting where it is NOT designed to curb the shortage of housing if you allow owner to rent it out. If the owner is renting it out, they will not care to pay the maintenance fees as they are not staying there. In addition, 15k for maintenance reserve is easily gone if the owner is not paying for 5 years. Maintenance fees will also increase over time due to inflation and "unprofessional" management office.
Anyway it is a good initiative if it can be implemented the "sustainability" aspect.
do you know why they don’t want to pay for maintenance fee? do you know a lot of high end condo also have problem with maintenance fee? do you know it will have increase fee over the year? 15k is look like bullshit to me to cover maintenance fee over the year. is this new type of upfront fee for sakau and low value seems not trigger anyone😂😂😂
App had been develop to bare entry to their unit
Make it heavy penalties for the subleter, even prison time to sublet it to foreigners 😢
I agree. But I think the challenge is to identify those who sublet their units.
My English not good, can upload Chinese subtitle??
You can use the auto translation by CZcams. Not sure is it 100% accurate.
alah mention hdb buat mende sbb rumah prima dan rumawip pon ada moratarium period. ppr pon ada purchase atau rent. cuma value ppr tu dngn template size dia dh x sesuai dngn current family setup kt malaysia. not really new la just revamp product with increase price. people want to see something else macam how the ppr connected with mrt, lrt, bus. how do you setup parking lot sbb in singapore parking lot hdb limited dan perlu bayar when entry. boring la nga kor ming. sembang saja kari
Nga kock min where is the cheap house
It’s about time we elevate PR to a descent and dignified living, but it takes more than just hefty budget and policy. It’s the overall mentality and way of life in the society.
remind me university hostel rules😂 rules A to Z, hope YB wont go spot check the “rooms” later😂😂
PPR = Porak Porak Rugi... Cakap senang. Execution and enforcement Malaysian style ...tak jadi jugak!
What a lousy scheme, not well thought.
Which part you think can be improved since it’s still a proposal? I can let YB know your suggestions:)
NKM NKM....😂😂😂
YB Nga..you are Chinese Malaysian..no matter how fluent you speak in Malay..you are non Muslim...refrain fr saying Taubat..or. Syukur...do u know how many Right Wing Malays in dis country??..u don know mahh...all your social contacts are Non Malay...KJ said Tone Deaf..😅😅
Talk logic ..hi don't bullshit..
😂😂😂
give your point of view then