00:00In a recent episode of Kluas Kejap, Kairi and Sharon said the government should place
00:07limits on home bought for investment as a way to deal with shortage in affordable houses.
00:14They said providing longer housing loans beyond the present year limit would not work.
00:18They also said the government should instead place a cap on how many homes people can buy
00:23for investment as the market is flooded with expensive homes that remain unsold due to
00:29I think we all need to understand that Malaysia is a democratic country.
00:36We respect the market.
00:42More important is to make sure that there is enough supply.
00:46We are not a communist country or a dictator country.
00:50We prohibit people from buying additional houses.
00:53Everyone must understand the concept.
00:57Property investment is a form of wealth preservation.
01:02Property investment is also one of the most effective tools to combat inflation.
01:08This has been proven worldwide.
01:11Therefore, it is not the government's job to prohibit people from investing in the real estate sector.
01:18If we take such measures, I am very confident the property market is going to collapse.
01:26And who is going to be responsible for that?
01:29Never forget, the real estate sector in our country is related to more than 200 related industries.
01:37Contractors, plumbers, furniture, electrical appliances, banking sector, lawyers, everything.
01:46If the real estate sector collapses, imagine what kind of disasters our country is going to face.
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