The Impact of Growing Malaysia's Property

1. Recently, we heard about our Prime Minister Dato' Seri Najib has launched the  First House for those has the monthly salary  about RM2,000. It means the governmnet will introduce or inject the funds to selected financials or bankers.
2. Why this has happened to our property. Is government benefit from this system. How about the other parties such as contractors, bankers, buyers, developers, government and others.
3. I'm very interested to know how the property value would impact the government. There is why our government has introduced a few schenme in order to enhance the market value. As I know since I have started my 1st jobs, we are allowed to withdraw the EPF under account 2 to pay the loan either advance monthly paynment or reduce the principal.
4. This is very good method especialy for those who just started working and the salary around RM2,000-RM3,000 per month. Even till now, I still withdraw the EPF for my housing loan after 5 years working.At least, I can recover my monthly expenditure and has a saving for my daughter.
5. Last month, our prime minister has launched  the First House Scheme. But I was not qualified to have it. Definitely my salary was not within the range as required.
6. From here, I can see the government may have a direct impact in term of the government tax. The more developments have grown, all the related parties will be charged a tax. For example, the developers have high profit margin and normally, the houses or property will be sold out.
7. Then, the bankers will issue or approve the loan to the buyers. By the time, the income on interest has increased and the bottom line will be showing a good result. Nowaday, the bankers can earned the profit after tax more than a billion ringgit such as Maybank, CIMB, Public Bank, Bank Rakyat and probably Bank Islam. It was not possible based on their products and benefits to the buyers.
8. Then, the contractors also will be benifited from there. The supplying of raw materials could increase the sales and sell the expertise to the developers. It included the architect, interior designer, civil enginieering, new product and tolls could be introduced to the developers and etc.
9. Therefore, all parties have a benefits from the development of the property.