PETALING JAYA: A veteran in the real estate business has warned of a shortage of houses for lease if rent rates are capped under the proposed Residential Tenancy Act.
He questioned whether the government was thinking of forcing people to put up their properties for rent.Last Sunday, Housing and Local Government Minister Zuraida Kamaruddin said the government was drafting a law to set a maximum rental rate. She mentioned low-cost houses in particular.Cheong said market forces had nothing to do with race.
“Say a Malay person comes to me and offers RM2,000 to rent my property, but the next person who comes can offer me RM2,500 and he happens to be Chinese. If I choose to rent it to the Chinese guy, is that racial discrimination?”
The rakyat cant afford if not capped. Dont just think of market only lah & sell to foreigners while locals main jauh jauh. Siowlan.
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