Sunday, August 26, 2007

Super Greedy Rehda Refuses To Build Low-Cost Houses, Asks Govt To Review Policy

The greedmongers which the Real Estate and Housing Developers Association (Rehda) Malaysia has proved to be, has asked the government to review the policy requiring developers to put up 30 per cent low-cost units in housing estates they develop, says Bernama.

Rehda President Ng Seing Liong said this was because Syarikat Perumahan Negara Berhad, Jabatan Perumahan Negara and state agencies were also actively delivering affordable or low-cost housing to the people. "Since there are already agencies building low-cost houses, we just want the government to review the policy. That's all. There is no other reason," he said, adding that the request had nothing to do with a recent call by Rehda for an increase in the price of low-cost houses, from RM42,000 to RM60,000.

Basically what this avaricious 'gentleman' is saying is that "hey, it's not our business to cater for the frigging poor. Let the government do it. We wanted to charge a higher rate for this bloody low-cost crap and the 'heartless' kerajaan said 'no'. So we're not going to do it. Our business is to make money, tons and tons of it and we're not going to share it or spend even a sen of it on anyone, least of all on the poor disgraceful sods who want to stay in low-cost houses."


Grand meeting of the vultures:

Ng spoke to reporters after chairing the 7th meeting of the Malaysian Developers Council. The meeting was also attended by Sabah Housing and Real Estate Developers Association (Shareda) President Kong Kwok Wah and Sarawak Housing and Real Estate Developers Association (Sheda) President William Wei How Sieng.


Yesterday
, Ng reportedly said Rehda would abide by the advice of Prime Minister Datuk Seri Abdullah Ahmad Badawi not to increase the price of low-cost houses and that the association would not raise the matter again.


But today after consultations with fellow vultures, Ng also urged the government not to implement the proposed automated pricing mechanism to regulate the prices of cement and steel bars because Rehda felt that it was not fair for developers to take on the burden of the production cost of materials incurred by manufacturers.
He said the two major construction materials should be made available in the free market, giving developers the alternative to look for cheaper materials, even importing them.

One group of vultures envious of another more privileged vulture group:

Ng also said that developers should not be asked to provide utility facilities such as water piping system and electrical poles in housing estates, which would later be taken over by the public utility companies for collection of revenue.
"As the utility companies are privatised entities and profit-driven, private developers should not be made to contribute to their infrastructure expenditure and capital contribution," he said.

***** Every bugger is out to make as much as he can while the Malaysian sun still shines or at least until the 'sun'-in-law arrives in strength to darken the sky.
Image - Source

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3 Comments:

Blogger Monsterball said...

From my observation, housing developers are among the most avaricious legal businessmen in Malaysia.

As it is the Sell-then-Build system in the country is among the most favourable framework for developers I have seen anywhere. It provides the opportunity for many unscrupulous operators to walk away from failed and shoddily build projects with impunity.

Many of them are able to form new companies subsequently and continue to make money on future projects.
Good question which never gets answered - How many errant developers have had action taken against them for abandoned housing projects ?
I suspect the answer is Nearly Zero.

3:06 PM GMT+8  
Blogger The Malaysian. said...

Well said, kittykat46!

3:35 PM GMT+8  
Anonymous Anonymous said...

Some housing developers went into the housing construction industry with just about RM10,000 capital-- less than half the price of a low-cost flat! Based on that amount of capital, out of the 25 million Malaysians, 24 million are qualified to be housing developers!

8:50 PM GMT+8  

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