Tag: properties

When he wore his tuxedo to his James Bond themed birthday ball, YABhg U-Turn Mahathir did not turn up as Bond himself, but rather as one of the antagonists in the James Bond movie, Francisco Scaramanga. While Scaramanga used a golden gun to kill others, Mr Scare-a-monger here uses a golden pen.

In his reply to HRH Sultan of Johor Scare-a-monger pointed out that the bulk of purchasers of the Forest City properties are the mainland Chinese and that would cause that part of Johor to have “an inordinate percentage of foreign people.”

When Scare-a-monger launched the ‘Malaysia My Second Home (MM2H)’ programme in 2002, an inordinate percentage of foreign people did come to Malaysia to purchase properties.  Some even opened up companies to help facilitate their countrymen to own properties in Malaysia like Mr Ishihara Shotaro who is now a Malaysian permanent resident after being in Malaysia since 1992 and owns quite a number of properties around Malaysia.  Ishihara says that the dropped in the Ringgit is like a twenty percent discount for the Japanese on all properties in Malaysia.

As a matter of fact in October 2015 Nomura reported that Malaysian properties remain in Japanese firms’ sight.  And this was before the drop in the Ringgit.

So, when mainland Chinese property buyers come over to take advantage of Scare-a-monger’s MM2H programme, why is he crying foul?

It would also be a matter of time for Mr Ishihara Shotaro to be able to become a Malaysian citizen if he wishes to do so – thank you to Scare-a-monger’s MM2H programme.

Scare-a-monger also forgot to mention that when he wanted the Petronas Twin Towers (KLCC) built, foreign companies built it – namely Hazama Corporation from Japan for Tower One and Samsung Engineering and Construction for Tower Two.  In fact although Ekovest led the construction for the KLIA, foreign companies became the consultants.

Scare-a-monger also went on to say that when foreigners take a loan to buy properties here, they take loans from local banks.  Therefore, there is no capital inflow from abroad.  Is he saying that foreigners can take up loans without having to have an account opened at local banks but locals do?

And if a bank account is required, do these foreigners go to Bank Negara to wait for newly-minted notes to be given to them for free so they could open up bank accounts here to get a loan? So where do they get money from to open bank accounts if not by bringing in from abroad?

And when he says a foreigner can buy property in China and get one flat or house free in Malaysia, no profit will be made in Malaysia, therefore no taxes will be paid to the Malaysian Government, can he tell me how is it possible for the Chinese developer in China to give free house in Malaysia for the buyer in China without first purchasing the house in Malaysia?  If these houses can be given for free to foreigners, why not give away some of these houses to Malaysians?

Scare-a-monger is getting old. Time is nearly up for him and he fears that when he dies, there would not be enough bank notes to cover his grave when others are contented to have earth fill up theirs.

So all he does is shoot off his golden gun and see what gets hit.

The only thing is he has so far been firing blanks just to scare people.