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net profit down bt announces 90 cent special dividen? air asia already gone bonkers? or bcoz to covers up Tony's statement that airasia would be great this year,)?
Based on current market, everyone will loose off except the developer. This is because there are high percentage of unsold houses with over valued price in the market now. Introducing this would only help them to unload the market and hence prompt more house development. For the buyer, do u think that after 5 years, they will have enough savings or salary to be qualified for the house loan? Assumming that they earn Rm1.5k per month and yearly increment is about 5%, their salary would be about Rm2k at 5 years time. If we are talking about inflation rate of 3% yearly, it would ends up the buyer having about the equal money for house loan as now which still makes them fail to qualify as proper loan borrower or they will posts high risk. Instead of having this, wouldnt it be wiser for the government to collaborate with the developers on how to unload the houses in the market by converting them to Rumah Prima or etc?