RPGT

property less than 2yrs increased 5% to 10%,

2-5yrs - remain 5%

BUDGET2012 - PM Najib announce to review RPGT with 10pc for sale within 2 years, remains at 5pc for sale between 2 to 5 years. | #rhbinvest

it's nothing. lol

PMOMalaysia: The real property gains tax will be reviewed so it doesn’t jeopardise the ability of low- and middle-income groups to buy homes. #Budget2012

http://www.nst.com.my/nst/articles/BUDGET2..._font_/Article/

Not fixed yet

you bought a new condo, upon completion already three years. LOL

increase 10 percent rpgt?

LOL yehh its nothing basically!

Wat 5-10% so little. People talking abt 70-80% appreciation in 2-3yrs!

Even 100k 30k is a good sum (am referring to previous 30% RPGT)

Ya, papar gain is SIOK. But in the heart knows all artificial gain.

Knew few smart ones earned over 1 mil just last 2-3 yrs.

Regional countries all impose max RPGT to curb properties inflation. Why Conment die die allow it to go on. Not Conment what you name them? Zzz-ment? Sleeping at their high chairs??

10% RPGT is nothing. 20-30% will be something. Yup, GE goodies, continue to flip/stir/turn turtle for another year.

Aft GE, be prepared for GST, 20-30% RPGT ... oh depend on whether win or lose in the first place

This post has been edited by Bobby C: Oct 7 2011, 05:01 PM

lol...5-10% referring to the average annual growth rate in the last 10 years.

>50% only happened to certain areas since last two years, and of course, you me and he are hoping it to be continued..LOL

Too fast capital appreciate will make 30% of tax nothing la, somemore now only 5-10% within 5 years? LOL

Thos making million dollars are taking risks for that, so they deserved it. high risk high returns rule is still applied.

he My First Home Scheme will be expanded to increase the limit of house prices from a maximum of RM220,000 to RM400,000.

expecting another round of property booms

for the middle and lower end houses

i agree

1. only 5% rpgt increase for the 1st 2years
2. My First Home Scheme RM220,000 to RM400,000

people will definitely in BBB mode

Demand for 400k and below properties are still very strong among the general population around KV.

With the support from Government now, do expect the properties price at this range to continue the boom... In the next few months, expect many developers to launch new developments price at this range..

OTOH, luxury properties is facing oversupply problem and low demand.....

MK at 400psf still doesn't seem plausible..

LTV 70% has effectively slow down the goreng activity. Ask the bankers and you will know. Last time people buy puluh puluh rumah in one go. You don't see this anymore because the ROI doesn't worth doing so. Furthermore economy is softening. If rpgt increase some more, property market will tumble.

Agreed..!

Educate yourself, when the time comes, join the people.

The wealth at the bottom can only be stolen by the top through inflation to a certain extent.

When people have nothing left to eat on the streets (US & PIIGS), we will see heads falling on the streets then regime change.


You may be the lucky one today, but your children and grandchildren may wake up homeless one day due to the manipulated business cycles/money supply...


Thomas Jefferson once said,
3rd president of US (1743 - 1826)

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency (money printed by privately owned central banks and commercial banks through fractional reserve banking - fiat paper currency), first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people (money printed by government controlled treasury - gold/silver backed currency), to whom it properly belongs."

This post has been edited by debtismoney: Oct 8 2011, 12:44 PM

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Added on October 8, 2011, 12:41 pmTZM

One thing I know for certain is - GDP/money supply can grow forever/infinity, but natural resources on Earth are finite (peak oil, peak commodities etc). In the long run, the current consumerisms system won't be sustainable, because we have finite resources to fuel GDP growth...

This post has been edited by debtismoney: Oct 8 2011, 12:46 PM

wrong post

This post has been edited by REfreako: Oct 8 2011, 04:16 PM

Wrong.
Economy is not about resources consumption only.
Economy can come from service provided, massage, service that make you happy also is an economy activities.

Please post this issue at TZM at RWI, here is about property issue.
Ty.

Not really, they shift to goreng shop lots... 70% ltv only limit on residential.

By increasing the 1st home scheme to rm400k, it will encourage more speculation...