Posted: 01 Jun 2013 09:46 PM PDT
Malaysians believe that housing industry is full of irregularities such as corruption. Last week Minister Paul Low mentions the prevention of corruption and housing industry. The people hear.
Housing developers calculate the cost of construction carefully. If at any stage from drawing plan to completion of houses, there is an extra payment to an officer in a government department, say RM2 million,for approval, this is added to the cost. Buyers pay higher price for each house. House prices are determined by market forces.
For years, the public witness these irregularities. They yearn for a change. The Government announces low and medium cost housing projects. They hope the houses are fairly distributed. They also want to know the types of effective measures to fight corruption.
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