Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

> foreigner buy malaysia property, will help malaysia economy ?

views
     
TSbluecoat
post Feb 24 2012, 12:14 AM, updated 13y ago

Casual
***
Junior Member
307 posts

Joined: Feb 2009
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
TSbluecoat
post Feb 24 2012, 12:55 AM

Casual
***
Junior Member
307 posts

Joined: Feb 2009
Tax will apply to them even sell after 5 years ?


TSbluecoat
post Feb 24 2012, 10:02 AM

Casual
***
Junior Member
307 posts

Joined: Feb 2009
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 .

TSbluecoat
post Feb 24 2012, 09:06 PM

Casual
***
Junior Member
307 posts

Joined: Feb 2009
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

 

Change to:
| Lo-Fi Version
0.0140sec    0.23    6 queries    GZIP Disabled
Time is now: 29th March 2024 - 08:39 PM