heard of that everywhere now. other then RPGT, alternatively, they may also increase the stamp duty for property transaction. Currently max is 3%, perhaps...he may hike it to 5%...

If budget ever announce RPGT increase to 20-30%, it may only take effect next year, so coming 2 months there may be grand sales from some desperate sellers

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Added on October 4, 2011, 2:16 pmevery1 has their own plan, we are not here to convince any other to adopt our way. we are here to respect and Share, not to comment any other who disagree as doesnt talk logical sense.

This post has been edited by bearbearhong: Oct 4 2011, 02:16 PM

Wonder we should curb rising cost of property or curb property sales. Higher rpgt may trigger an adjustment from the seller to cover on the increase tax payment. If the selling price remain means they will be gaining lesser. To increase the selling price means lesser sales transaction. When transaction is slow (volume), property price remain high (if not higher), it is not going to benefit the buyer, the seller and government.

roughly when will they announce budget 2012?

7/10

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Added on October 4, 2011, 3:03 pmgood point!

we should be curbing rising of Property price, at least to slow it down...

u r right, higher RPGT may got the seller to incorporate the cost into their selling price. Meanwhile, the Developers may got affected too as ppl may not be in BBB mode so much when they think of the high RPGT.

imho, they should impose it on foreigner, and a lower RPGT on locals. perhaps they shud increase stamp duty instead of RPGT, the former will not affect transactions and also generate more $ for gomen

This post has been edited by bearbearhong: Oct 4 2011, 03:04 PM

too late sell now then. haha

Bro i think that's not good enough, the rich ones would not give a damn. Increase in stamp duty 1 or 2%? they just pay upfront whatever their lawyer needs. This would only burden the lower income group and the middle income group. The government should curb the rising/buying of those who are cash load free.

Even with getting ppl to pay 30% deposit for 3rd property i still see people buying without any issue. Geram.

U bought wrong time bro. The property market here will burst soon..
Cheap sale is otw..

bro, thats the reality. most rich ppl are connected/linked...u know what i mean...

now they said coming budget to help low income group..sound scary to me, i was thinking what about those fall outside low income group

Outside of that group have to pay more.. huhu..

Yes,you wait slowly........in your dreams.

Well that's sad but true man. Can't agree more. Somehow this system really does not work to our favor. Houses are bought by some insiders even before they were open. Ppl are buying even without the need to apply for a bank loan. Haihz. As long as they do not control ppl from buying there is no way the house prices will go down.

I vote no for increase stamp duty.
This measure is killing off both genuine property buyers and speculators.
In normal circumstance, you wish to see property sector flourish, you don't want to kill off genuine property buyers out there. Instead you always welcomed every property buyers that afford and genuine want to buy and own.
As property sector is one of biggest sector and one of most important sector for the economy running and growing.
The target is to reduce speculative and flipping properties out there. So increasing stamp duty, you kill all together. Just like kill all good and bad bacteria in our body. Not a good idea.

I vote for RPGT, as if you make speculative gain, you paid off some, fair enough.
You make a loss, you don't need to pay.
While gov can generate extra revenue from the RPGT, and can reduce budget deficit (although it is small sum relative to overall budget).
RPGT can more and less reduce speculative activities out there although it won't deter people from flipping, at least it can reduce it a bit, which primary goal is to reduce flipping, not killing off the property sector.

This post has been edited by cherroy: Oct 4 2011, 09:58 PM

ALERT: Stocks Dip Into Bear Market on Europe Crisis

http://www.bloomberg.com/news/2011-10-04/a...o-year-low.html

Don't think the stock crisis will lead to property crisis. Slowdown and more freebies/discounts for buying properties might be on its way.

Many listed property company share price are gradually droping!!!what is the sign and the impact of share market drop..
There are reasons why liberalisation properties take place. Positively may protray growth for company, negatively may protray the company holding to many debts for their projects on hands...

Anyhow, due to some investors got burned by the shares, they may letting go lower decrease their properties.

very few are playing both prop and share. for me, i am now more into prop. coz i dun hv time to trade/monitor share. already cash out my share before 2008 crashed and concentrate in prop til now. since prop is not so liquid so it is difficult for me to go back to share now. now prefer to have stable passive income (rental).

how come on and off u still suggest ppl to buy stock je...

passive income not mean POSITIVE income... one must understand.

Not really, still got a lot ppl playing both site....my group of friend all play both game.....now a bit suffer lah....fire kena tangan oledi.

One of my friend earn 400k++ from share market since 2008 - Jun 2011 and then he very tamak lor July 2011 go to refinace 2 prop and cash out 400k and pump in to share market and more "sohai" is almost all the money buy to same counter.....

Now the counter share all the way down from RM1.80 drop to RM1.20++, last week i makan with him...he's want me to belanja......wei...brother he's is Millionaire ler....muka masam sangat lor....

Now needed to serve many loan lor....CC (money cash out to share market), Car loan (new car jz bought this year), 3 props loan (last time only serve 1 housing loan).

Now he's is a little bit scare oledi, think until kepala besar to find solution and call out "lan heng lan di" to help.....

he make mistake of finance his prop.... the worse case.. he may in bankrupcy.. this is wat will be expected for some of the ppl next yrs...


2012

This post has been edited by sampool: Oct 5 2011, 02:46 PM