In need of an uncomplicated
THE Kuala Lumpur City Hall (DBKL) must come out with a clear policy of
releasing Bumiputera-designated houses for sale to non-Bumiputeras once
conditions have been complied.
Developers in the Klang Valley have been mystified by the frequent changes
in the conditions set by DBKL.
The previous condition was that developers had to advertise in major
newspapers of the sale of housing units to Bumiputeras at a discount. If the
units allocated to them are not sold after three months, they are released
to the public.
Then DBKL wanted developers to do roadshows at shopping centres to attract
Once this condition was met, DBKL insisted that another roadshow be carried
out to get Bumiputeras when it was evident from the previous roadshow that
they were simply not interested in housing estates with a big majority of
DBKL doesn’t seem to realise that roadshows and advertisement in the news
media cost a lot of money.
If DBKL really wants to help Bumiputeras buy these houses, then it should
ask its agency to buy all the Bumiputera units and sell them at a later
That way, at least developers are not burdened with the holding cost when
DBKL keeps on introducing unreasonable conditions.
The Housing Ministry is partly to blame for the current policy of imposing
the 30 per cent sale of houses to Bumiputeras. This is an old policy forged
in the 1980s with the purpose of helping them to increase house ownership.
At no time was it the intended purpose of the policy to help rich
Bumiputeras to purchase property at a discount.
Now, in the Klang Valley, discounts are given for houses costing RM300,000
These are houses that are only affordable to the rich Bumiputeras and there
is no rationale for non-Bumiputeras to subsidise their purchase.
The Housing Ministry should introduce a more equitable policy like
stipulating that houses costing RM100,000 and below should be sold at a
discount to Bumiputeras.
That way only those who are deserving will benefit and not the rich
Richard Teo, Kota