Bumi discount on luxury property is Pua's personal suggestion
Pakatan Rakyat leaders said thorough analysis of the suggestion by DAP’s Tony Pua to cut the Bumiputera discount for luxury homes and commercial property would have to be carried out before any decision is made.
Justice4otk says the Bumiputera discount for luxury homes should be done away with , not cut the Bumi discount as suggested by Tony Pua , and what analysis is there to be made before any decision is made ? PR should table this in Parliament .
Firstly do developers need to subsidise these rich Bumiputeras who can afford to buy luxury homes with a discount ? Discounts should be given only for certain types of homes for the poor and for the lower middle class .
Discounts and costs of discounts will eventually be passed to the other buyers who will have to bear for the drop in revenue due to these discounts .
Take for example the Kedah PAS government requiring that all developers in the state must set aside 50% of their project as Bumiputera units , meaning reserved for Bumis only and cannot be sold to others . There's no way these developers are going to make money with these sort requirements .
"At this point in time, it is his personal view and not formally suggested by DAP," PAS vice president Mahfuz Omar told Malaysia Chronicle.
"If later on, DAP recommends it, then according to Pakatan procedure we will discuss and see what other ways there are to prevent abuse of the discount system. It does not necessarily have to be abolished outright."
To prevent abuse
Tony had unwittingly thrown a cat amongst the pigeons when he suggested that Selangor reviewed its policy of giving out cheap land to subsidiaries controlled by the state.
He also called for the abolition of discounts, currently extended at 7 percent to Malay and Bumiputera purchasers, for commercial property above RM2 million. His rationale was that for many of these heavyweight units, there were middlemen who re-sold the property for a profit of 2 percent.
However, Tony stressed that for homes costing below RM500,000, the full discount of 7 percent should be maintained.
Needy still require a hand
Nevertheless, there are some initial misgiving even among Pakatan partners. Selangor PAS information chief Roslan Shahir is among those who have expressed concern that Tony’s suggestion might be too rushed.
"These are decisions with implications on the economy and our society. We want to cut out abuse but we also have to be sure that those who need help should still be able to get it. This is in line with the Pakatan stance and should not be politicized by the BN press," Mahfuz said.
You people never figured on a Chinaman who would say no to gambling right? Lim Guan Eng got the anti-football gambling movement going and you clowns just can't stand it. Goes to show how stupidly racist your UMNO brain is when it comes to the Chinese community. Issuing a gambling licence with its operations restricted to non-Muslim majority areas so that you people can look Islamic while squeezing the Chinese for money to be used against the opposition come the next general election. The opposition knows they can never completely cut off the gambling funds that go to UMNO but the movement to reduce as much as possible the gambling revenue UMNO can get their hands on have already started and is sprteading rapidly. The IPPs and toll highways are two other more prominent sources of UMNO election campaign funds. We shall start with the gambling industry first for unlike the Toll Highways and IPPs there are many alternatives to UMNO's gambling companies.
ReplyDeleteWe know the oil is gone. Badawi sold the last two big blocks to Brunei. FDIs are dead. The locals are bailing out of Malaysia with Robert Kuok being the most recent example. However, UMNO thought it had a silver bullet to all its economic woes in the football gambling licence in order to quench its thirst for ever more projects and campaign funds. Even if UMNO can take back all the state governments and win 90% of the parliamentary seats in the next GE we will still work on depriving UMNO of the ability to slap us around as you like and wait for the day the greedy UMNO warlords cause UMNO's implosion with their greed and corruption. Greed and corruption as we all know have no boundaries.
i see many people (chinese) , families & small business destroyed by gambling,,,
ReplyDeletebut MCA taikohs all linked to gambling triads & loan sharks
Based on the 1Malaysia concept, there should be no discount for the rich whatever race they are. If you want to buy a house then you should pay the full amount! The discounts should be put to better use to assist those who truly needed assistance!
ReplyDeleteThat damn bastard guy from Pakatan , what's his name ? Myfoot Omar must be buying houses for his four wives with discounts . Mahchibai
ReplyDelete