KPKT introducing new social housing model | Interview with YB Nga Kor Ming 

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.

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!

Excellent interview. Very heartening to see a government leader doing effective ground work for the low income population. Well done!

Very fresh English spoken Menteri Nga

Thats good effort, they should expand PRR outside of KL cbd, with good transport connection, less pressure on cost and more space is available

Salute YB Nga, for excellent command in 3 languages.

One of the best interviews! Thanks Sean😊

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.

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.

Hi Sean! Great interview. Looking forward to the new social housing model.

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of B40 in each city or State taking into account living expenses in each location as current static classification is outdated.

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

🙌kudos! thank you sean

good job to Sean and ministry of housing, let us all work together to make things better 😃

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.

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.

Wished it was longer like your podcasts haha

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?

that was insightful and inspiring !

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!

This is your best video yet.

Thanks for making this video, much appreciated❤

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.

The camera autofocus is hunting when the subject is moving.

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.

Strangely why all these efforts are not shared publicly? I need to listen to this channel to know details.

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)

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?

I really liked the idea that the subsidies are subjected to payback to the gov should the owner sell it

Very good idea leh

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

YB, please take a look the the KLTS (for KL Solid Waste Transfer) conditions, its had become from bad to worst now !

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.

It’s so hard to watch , the lens focus keeps changing

One more criteria - The buyer/owner of the subsidied House must not holding private house within the 10 year memorandum period.

Just blacklist those who defaults monthly maintenance in CTOS.

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

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?

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

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

how much of the food waste from businesses? surely those F&B chains,convenient stores, supermarkets, farmers throw out food

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.

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

❤

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.

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..

Talk is one thing and walk is another thing. Let’s see if things can work in this new madani government.

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?

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😊

Sounds nice, let's see if this administration can even survive the next GE or not first lol

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.

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.

Make it heavy penalties for the subleter, even prison time to sublet it to foreigners 😢

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.

Hopefully don't abuse excessive development project launches...

My English not good, can upload Chinese subtitle??

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😂😂😂

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

remind me university hostel rules😂 rules A to Z, hope YB wont go spot check the “rooms” later😂😂

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.

PPR = Porak Porak Rugi... Cakap senang. Execution and enforcement Malaysian style ...tak jadi jugak!

NKM NKM....😂😂😂

What a lousy scheme, not well thought.

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..