In a report in The Star (24th July 2014), it was reported that Malaysia’s residential property segment has entered a ‘cooling phase’ in the first two quarters and will continue to be ‘moderate’ for the third quarter according to the Malaysian Institute of Economic Research (MIER). The main reason was because of the macro-prudential measures … Read moreMIER, The ‘cooling phase’ and the right price and right attitude
DIBS (Developer Interest Bearing Scheme) should be reinstated for people buying their first home. Rehda Penang Chairman, Datuk Jerry Chan said that this is essential because it was so tough for genuine buyers to get a home of their own these days. DIBS makes it easy for buyers to buy because they do not need … Read moreRPGT is still around, DIBS can come back.
Someone shared in facebook recently that with RPGT at 30%, the property price would have to increase 40% in order to earn any meaningful profit. Perhaps there’s a confusion here. RPGT is Real Property Gain Tax. In other words, you pay tax on your net profit. If you sell at a loss, you pay nothing. … Read moreWith RPGT, no more property investment