agree... get some stability in the market..
its crazy the real estate prices these days... thought the worldwide recession will make it fall a lot more but turned out didnt really affect malaysia much after intervention and stuff..

its good what..
for a first time buyer like me who cant afford my first house yet, means i can save more to get that first house.
if the investors and flippers get taxed more thats fine by me, coz theyd already be a bit well off i reckon. also tax on first property means less speculation possibly in the market if i got my judgement right.

i think its a good move to help the middle or lower income group like myself to have higher chances of gaining more. the 5% rpgt doesnt really come to play for someone or a family that can only afford 1 house for a very very long time.

definitely a move to help the less fortunate

for subsale perhaps... for new units at developers prices means less speculators/investors/flippers will want to buy and sell so soon. so more chances for 1st time owner to buy at developers price etc.

the 105% is a likely scenario. just as the same 100% price is also a likely scenario and the seller will bear the 5%. its market forces and it can go either way

yep.. which is why im all for it

i was earlier replying to how lowering the personal taxes etc was just transferred to the rpgt here when its not entirely related.

both are a help to the general masses = middle and lower income groups like myself

im all for the 30% tax within 2 years... its so damn expensive to stay anywhere in kl (landed), may be forced to move to shah alam.. even then setia alam oso not dat cheap...
cwaaazy

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Added on October 27, 2009, 8:26 pmi agree with some parts of what zzzzzz52 mentioned too though...
as long as it helps the poor, dats what govmt should do.. not just help the rich investors or 'elite' people and turn their backs on the masses.
the rich will still make money, but slightly lesser and will help the poor more.

RPGT FTW


This post has been edited by sshahar9: Oct 27 2009, 08:26 PM

i usually just shortcut my sentences and expect people to understand.. mebe i should write full.
the lowering income taxes i mean help the poor, have slightly more disposable income.
the return rpgt and also 30% in 2 years, might, some of it, once in gov coffers, trickle down to the rakyat in subsidies or whatever projects.

did i struck a nerve or something? haha.. other people are getting more off topic in replies.
anyway yesterdays star in 1st page biz section they mentioned a few comments about the rpgt. so im a bit right i guess if they oso say it may lower speculative buying.