maybe they shud give first house mof 95-100% then subsequent house purchase at mof 80 or less% to deter speculation or what ever ...etc. then everyone got the chance to own a house.

I really don't see the fuss of 5% RPGT. It's on the PROFIT, not the property price. I thought this will have almost zero impact on the market, but boy I was wrong. Small trigger like this has made ppl panic, thus the downtrend of prices. Ppl like this I bet they also invest in stock market, the traits are so similar!!

Couldn't agree more on that. I am too, not against wealth accumulation, in fact this will encourages hard working on the ground that is productive hard works, not mere speculations.

An extreme/unrealistic thought of mine, 10% people is producing food for 100% of population, 20% goes for food speculation (those without capital, borrow lar to make more money, they are smart/elite), make plenty wealth out of it, driving food price higher and higher. The rest of population barely can afford the price.

Well, not saying invesment etc is wrong, this is current game rule, I was just wonder are we going into right way with our economic structure. Is this structure viable? in the end? Where civilization goes?

The price goes higher is due to the stupidity of poor people.

I am not against poor people, only questioning their belief that the rich make them poor.

RPGT impose for those who gain profit from selling their property. BUT, if you are selling at loss????

Scenario:
1. A landed property value at RM 1Mil.
2. Selling RM1Mil
3. The owner agree to mark-up S&P price to RM1.1Mil
4. Your purchase is successful
5. After 1 year you sell RM1.1Mil
6. No profit from the selling of property.
7. GOV NO PROFIT TO TAX!!!!!!!!!

You can see that the profit was a little after deduct the interest and every cost you paid from the process, but it still worth it. Profit sometimes can be determine by you.

If the gov still wanna tax you when you are in the above scenario, ask them go $%^@$%@$^

p/s: All the above are just my "imagination", try it or not? it's up to you.

I'm with you. I think those that think that way should start to work harder and smarter, stop complaining and stop hoping help from other people.

question on step 3, if owner agrees to mark-up S&P price, then the owner would need to pay tax upon his sale (assuming there is no exemption for him), why would he want to do that?