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> foreigner buy malaysia property, will help malaysia economy ?

bluecoat
post Feb 24 2012, 12:14 AM


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i heard a new today , Andy lau buy malaysia property worth 1 billion and one fm speak it help malaysia economy.

My question is foreigner buy malaysia property will help economy ? if there buy malaysia property for flip or invest.
Therefore , them resell the property with gain 30 % and back to their country . How this help malaysia property ?

Please comment
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MrUbikeledek
post Feb 24 2012, 12:18 AM


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they only help to drive house price ever higher, while the profit from the sale goes to someone's swiss bank account.
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picfantasia
post Feb 24 2012, 12:29 AM


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QUOTE(bluecoat @ Feb 24 2012, 01:14 AM)
i heard a new today , Andy lau buy malaysia property worth 1 billion and one fm speak it help malaysia economy.

My question is foreigner buy malaysia property will help economy ? if there buy malaysia property for flip or invest.
Therefore , them resell the property with gain 30 % and back to their country . How this help malaysia property ?

Please comment
*
If not mistaken, when they buy or sell, there is a huge amount of tax they need to pay. But again, he can charge all this to his buyer.
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Human10
post Feb 24 2012, 12:31 AM


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QUOTE(picfantasia @ Feb 24 2012, 01:29 AM)
If not mistaken, when they buy or sell, there is a huge amount of tax they need to pay. But again, he can charge all this to his buyer.
*
I thought his waifu Malaysian? Don't think he so dumb to go for the harder/more expensive option.
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picfantasia
post Feb 24 2012, 12:32 AM


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QUOTE(Human10 @ Feb 24 2012, 01:31 AM)
I thought his waifu Malaysian? Don't think he so dumb to go for the harder/more expensive option.
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to him, house in Msia is cheap compare to his house in HK
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bluecoat
post Feb 24 2012, 12:55 AM


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Tax will apply to them even sell after 5 years ?


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Kokwm
post Feb 24 2012, 09:02 AM


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In a stagnant housing market, foreigners buying into the market can help to kickstart the market as their purchases will flow to the local sellers who can in turn use the money to purchase another property.

On the flip side, not all foreign buyers will buy and hold. Too much speculative buying will worsen the situation.

Generally increased property transactions will result in increase govt revenues due to stamp duties, transaction fees etc etc. However the profits earn may be remitted out of the country.

Overall, some foreign purchase is good but too much is not good. Thats probably why the Msian govt increased the min threshold for foreign purchases from RM250k to RM500k.
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michaellee
post Feb 24 2012, 09:33 AM


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QUOTE(bluecoat @ Feb 24 2012, 12:14 AM)
i heard a new today , Andy lau buy malaysia property worth 1 billion and one fm speak it help malaysia economy.

My question is foreigner buy malaysia property will help economy ? if there buy malaysia property for flip or invest.
Therefore , them resell the property with gain 30 % and back to their country . How this help malaysia property ?

Please comment
*
RM1B? He is buying our National Palace? I think you meant RM100m right?
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vanpersie91
post Feb 24 2012, 09:42 AM


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QUOTE(michaellee @ Feb 24 2012, 09:33 AM)
RM1B? He is buying our National Palace? I think you meant RM100m right?
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even 100m still ridiculous to me.. hmm.gif
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bluecoat
post Feb 24 2012, 10:02 AM


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QUOTE(michaellee @ Feb 24 2012, 09:33 AM)
RM1B? He is buying our National Palace? I think you meant RM100m right?
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In Chinese " 1 yit " is how many billion ?

The person of onefm say that amount .

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kh8668
post Feb 24 2012, 10:27 AM


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you people talk about this is it? http://thestar.com.my/news/story.asp?file=...6049&sec=nation

also this http://thestar.com.my/news/story.asp?file=...3669&sec=nation


This post has been edited by kh8668: Feb 24 2012, 11:01 AM
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puchongite
post Feb 24 2012, 10:36 AM


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QUOTE(bluecoat @ Feb 24 2012, 10:02 AM)
QUOTE(michaellee @ Feb 24 2012 @  09:33 AM)

RM1B? He is buying our National Palace? I think you meant RM100m right?
In Chinese " 1 yit " is how many billion ?

The person of onefm say that amount .
*
一亿=10^8 = 100 mil.

But the star news report only says >10mil.
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spydermind
post Feb 24 2012, 10:51 AM


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The house he bought is about RM14-15 million.

back to main topic, this is not right to say that foreigner just buy to flip and thus no benefit to the country.

Becoz, local people also can buy and flip and keep the money in the pocket (without spending) or buy an oversea property (Australia, UK, etc) which is quite common now.

Then main point is that, with foreigner participation, the market is expected to be bigger as it is not only limited to local demand. Of course, foreigner only constitute minimum percentage.

Yes, of course when more people buying the price might be increasing as well...but again this is common in a situation when economy is moving forward.....i dont see good economy but price and demand shrinking...
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bluecoat
post Feb 24 2012, 09:06 PM


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QUOTE(spydermind @ Feb 24 2012, 10:51 AM)
The house he bought is about RM14-15 million.

back to main topic, this is not right to say that foreigner just buy to flip and thus no benefit to the country.

Becoz, local people also can buy and flip and keep the money in the pocket (without spending) or buy an oversea property (Australia, UK, etc) which is quite common now.

Then main point is that, with foreigner participation, the market is expected to be bigger as it is not only limited to local demand. Of course, foreigner only constitute minimum percentage.

Yes, of course when more people buying the price might be increasing as well...but again this is common in a situation when economy is moving forward.....i dont see good economy but price and demand shrinking...
*


Onefm speech really misleading ppl . Tell 1 yit and it improve enonomy. Thanks to verify, bro
This post has been edited by bluecoat: Feb 24 2012, 09:08 PM
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Chris Chew
post Feb 25 2012, 03:40 AM


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If not mistaken, the government had ban the foreigners buying any houses in Selangor country. No matter 500k plus.

Most banks have issue for release money as solicitors stuck at state consent and land office.


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flodder
post Feb 25 2012, 07:36 AM


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no help there is totally harmful to our poor nations who want to buy house which not able to own the house
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1282009
post Feb 25 2012, 09:22 AM


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QUOTE(spydermind @ Feb 24 2012, 10:51 AM)
The house he bought is about RM14-15 million.

back to main topic, this is not right to say that foreigner just buy to flip and thus no benefit to the country.

Becoz, local people also can buy and flip and keep the money in the pocket (without spending) or buy an oversea property (Australia, UK, etc) which is quite common now.

Then main point is that, with foreigner participation, the market is expected to be bigger as it is not only limited to local demand. Of course, foreigner only constitute minimum percentage.

Yes, of course when more people buying the price might be increasing as well...but again this is common in a situation when economy is moving forward.....i dont see good economy but price and demand shrinking...
*
nod.gif

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Seremban_2
post Feb 25 2012, 09:27 PM


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QUOTE(bluecoat @ Feb 24 2012, 12:14 AM)
i heard a new today , Andy lau buy malaysia property worth 1 billion and one fm speak it help malaysia economy.

My question is foreigner buy malaysia property will help economy ? if there buy malaysia property for flip or invest.
Therefore , them resell the property with gain 30 % and back to their country . How this help malaysia property ?

Please comment
*
He is super rich by now.

Dia ada wang, apa u boleh buat?
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