A friend of mine sent me this interesting development in Iskandar Malaysia! This was a piece of prime land that earlier had government squatters. Recently all the squatters were demolished for this privatised project along Jalan Kolam Ayer, Johor Bahru.
Ironically, these houses are only for 1 particular race. It seems that this is a Malay reserve land since independence and such can only be sold to the Malays. Surprisingly again, the houses here are being sold at RM 300-500K, It is a gated and guarded community consisting of bungalows etc.
I always thought that the Malay reserve lands are for the poor Malays but it seems that this is being hijacked by the rich bumiputeras again, both the developer and the buyers!!
These same rich bumiputeras continues to get 10-15% discount for houses when there are so many non-bumis who can’t afford to buy a house. Do you understand the logic?
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