I believe RPGT does not apply to those properties bought before a certain of years, for example only within 5 years (In previous RPGT act).

There are many version of explaination about the latest RPGT. Many also say there will only be 5% tax for within 5 years, none after that. Some others like The Star saying max 30% to min 5% tax, the limit of taxable 5 years period will be removed.

Seems is very dusty now.

I have started to feel the pressure. Most of my customers are investors cum speculators, just recieved a call from a buyer said would withdraw buying a property which already agreed.

This afternoon I received many calls from my stubborn owners suddenly want to sell their house, at lower price. Market has started to make adjustment.

I cover Penang.