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 Why Malaysia's house expensive?, low RPGT (Real Property Gains Tax)

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chrisw
post Sep 28 2012, 01:56 PM

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QUOTE(37 Exposures @ Sep 28 2012, 01:50 PM)
Never heard people complain LV, Gucci, Chanel are so expensive!
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Gary1981
post Sep 28 2012, 01:57 PM

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Don't worry, government plan for house built below rm300k, here u go the chance. I wish my salary below rm3k.
JustNobody
post Sep 28 2012, 01:58 PM

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QUOTE(37 Exposures @ Sep 28 2012, 01:50 PM)
Never heard people complain LV, Gucci, Chanel are so expensive!
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I wonder you are guy or girl.. As a guy and among all the guy I know... We DO ALWAYS complain they are BLOODY expensive...
vmad.gif
wwwcomment
post Sep 28 2012, 01:58 PM

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QUOTE(Helius @ Sep 28 2012, 01:35 PM)
If same method, same school, same teacher, same class, same effort but result still below others, blame who??

Blame urself... No high IQ and EQ...

Don't expect others to feed u la... This is not fair to those smarter... Hehe...
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you can feel good if you are smart and gifted, but do not make fun of or belittle those who are not so gifted.
understand?

what happen for those are smarter than you but they do not have equal chance becasue they need to take care of sick families members, etc? Not everyone is as lucky as you who is so smart and lucky.
again, understand?

when u r smart and gifted, u shud be grateful, not look down on others.
learn2earn8
post Sep 28 2012, 02:04 PM

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LV, Gucci, Chanel, Breguet , Blancpain are so expensive, I demand for a msssive RPGT or GST on them vmad.gif
chrisw
post Sep 28 2012, 02:12 PM

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why would you hope to get your life harder..?

probably you would be the one who suffer in the end? rolleyes.gif
dRwh0
post Sep 28 2012, 02:18 PM

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QUOTE(wwwcomment @ Sep 28 2012, 01:58 PM)
you can feel good if you are smart and gifted, but do not make fun of or belittle those who are not so gifted.
understand?

what happen for those are smarter than you but they do not have equal chance becasue they need to take care of sick families members, etc? Not everyone is as lucky as you who is so smart and lucky.
again, understand?

when u r smart and gifted, u shud be grateful, not look down on others.
*
I like your comment..those who can afford houses doesnt have to be mean to others..
37 Exposures
post Sep 28 2012, 02:33 PM

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QUOTE(JustNobody @ Sep 28 2012, 01:58 PM)
I wonder you are guy or girl.. As a guy and among all the guy I know... We DO ALWAYS complain they are BLOODY expensive...
vmad.gif
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If they sell cheap will people buy?
SUSmemekfalui
post Sep 28 2012, 03:16 PM

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QUOTE(37 Exposures @ Sep 28 2012, 02:33 PM)
If they sell cheap will people buy?
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you are saying if property developer selling their units @ region of 200k around greater kl, will the rakyat buy it??
JustNobody
post Sep 28 2012, 03:28 PM

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QUOTE(37 Exposures @ Sep 28 2012, 02:33 PM)
If they sell cheap will people buy?
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Yes, I will! tongue.gif
Why not?
theedi
post Sep 28 2012, 07:13 PM

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QUOTE(MisterLeaf @ Sep 28 2012, 01:15 PM)
Do you think poor people cos of lazy?
Do you think poor study result cos of stupid?

Not everyone can earn much money or get good result even they do hard already. Sometimes they even use the same method but not getting the same result.

You are lucky, but please think about other people.
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Sorry but whoever thinking like this is already a weak sauce loser. 90% of the time one cannot be success is because they don't believe they can.
They just simply gave up and find excuses. Over time a lazy genius can lose to a hardworking idiot.

Imagine, every time you lose a badminton game you demand to change the rules for you. This goes forever and you will only become weaker because
instead of improving yourself you're trying to gain handicap so you can cope with it.

If you want to stay in the game, improve yourself and push to the limit until you can cope with it. Otherwise just don't play the game aka don't
enter property market, simple. Or don't enter the market you cannot cope with, improve until you can.

In Malaysia, there are properties price ranging from cheap flat costing RM80k to RM200k medium cost, 500K luxury & etc etc.
The choices are there but you don't want to choose the one you can afford, you want the better option
BUT... you want it cheaper, you want handicap given to you, you want the market swing to your favor.

In hong kong a low cost apartment few hundred sqf size cost a couple million. That is a legitimate concern.
In Malaysia, hell no!

dRwh0
post Sep 28 2012, 08:00 PM

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QUOTE(theedi @ Sep 28 2012, 07:13 PM)
Sorry but whoever thinking like this is already a weak sauce loser. 90% of the time one cannot be success is because they don't believe they can.
They just simply gave up and find excuses. Over time a lazy genius can lose to a hardworking idiot.

Imagine, every time you lose a badminton game you demand to change the rules for you. This goes forever and you will only become weaker because
instead of improving yourself you're trying to gain handicap so you can cope with it.

If you want to stay in the game, improve yourself and push to the limit until you can cope with it. Otherwise just don't play the game aka don't
enter property market, simple. Or don't enter the market you cannot cope with, improve until you can.

In Malaysia, there are properties price ranging from cheap flat costing RM80k to RM200k medium cost, 500K luxury & etc etc.
The choices are there but you don't want to choose the one you can afford, you want the better option
BUT... you want it cheaper, you want handicap given to you, you want the market swing to your favor.

In hong kong a low cost apartment few hundred sqf size cost a couple million. That is a legitimate concern.
In Malaysia, hell no!
*
Being humble doesn't mean u r weak man..correct me if im wrong..

Seremban_2
post Sep 28 2012, 08:00 PM

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QUOTE(sakthis7 @ Sep 27 2012, 09:14 PM)
Why oh? I don't understand liao.
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coz malaysian greedy lo. They put a high price tag and say take it or leave it.
ecin
post Sep 28 2012, 08:32 PM

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In general, personally, I rate this as Good Budget.
All are good things for low-middle income groups (tax reduce, exemption, cash $$, affordable houses, 50% stamp duty, my 1st home scheme, higher RPGT, etc), nothing to complain already.

The only concern is the country deficit will definitely be widen.
xyyap
post Sep 28 2012, 09:33 PM

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QUOTE(MisterLeaf @ Sep 27 2012, 09:00 PM)
Real Property Gains Tax (RPGT) is one of the capital gains tax imposed in Malaysia. RPGT is charged on gains arising from the disposal of real property. RPGT is a move to stop the real estate market speculators.

Our country had RPGT in the tax system many years ago until 31 March 2007, when the government abolished RPGT to attract foreigners to invest in Malaysia,  but resulting in the disparity between the rich and the poor of the country more serious.

user posted image
However, RPGT is re-imposed since 1 January 2010 at the rate of 5% on gains arising from disposals of chargeable assets. And the latest RPGT is revised to the following:

Properties held and disposed within 2 years, RPGT = 10%
Properties held and disposed after 2 years & up to 5 years , RPGT = 5%
Properties held and disposed after 5years, RPGT = 0%

The revised RPGT has hardly made the house price lower or stop the market speculators, because most of the construction takes time to complete, normally 2-3 years.

Low RPGT encourage rich people buy properties and sell it out to make fast money, resulting the price of the properties hike.

The government should revise the RPGT in Budget 2013, and charge a very high rate of profit tax if the owner of the property sell in a short time or is just using back the Real Property Gains Tax Act 1976 (Schedule 5)
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Weak RM is the problem.

humble_tot
post Sep 28 2012, 09:38 PM

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QUOTE(theedi @ Sep 28 2012, 07:13 PM)
Sorry but whoever thinking like this is already a weak sauce loser. 90% of the time one cannot be success is because they don't believe they can.
They just simply gave up and find excuses. Over time a lazy genius can lose to a hardworking idiot.

Imagine, every time you lose a badminton game you demand to change the rules for you. This goes forever and you will only become weaker because
instead of improving yourself you're trying to gain handicap so you can cope with it.

If you want to stay in the game, improve yourself and push to the limit until you can cope with it. Otherwise just don't play the game aka don't
enter property market, simple. Or don't enter the market you cannot cope with, improve until you can.

In Malaysia, there are properties price ranging from cheap flat costing RM80k to RM200k medium cost, 500K luxury & etc etc.
The choices are there but you don't want to choose the one you can afford, you want the better option
BUT... you want it cheaper, you want handicap given to you, you want the market swing to your favor.

In hong kong a low cost apartment few hundred sqf size cost a couple million. That is a legitimate concern.
In Malaysia, hell no!
+1 thumbup.gif
theedi
post Sep 28 2012, 09:54 PM

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QUOTE(dRwh0 @ Sep 28 2012, 08:00 PM)
Being humble doesn't mean u r weak man..correct me if im wrong..
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I think being humble means not bragging about how good you are, being humble does not means you see yourself cannot
compete fairly and deserve given handicap for something you want.

If truely want to be humble then pick the right opponent you can handle (flat, apartment, condo, terraced, bungalow).
In malaysia they are still choices.

You can only afford flat then you want to buy condo, instead of trying to earn more money you want the market goes
down. The world moves on, some day in malaysia a flat will cost a condo's price or more. Mind you, in economic sense this
property price progression over a steady period is perfectly normal and healthy.
If you do not move on then blame the market and the earth goes round and wait for durian jatuh.

Anyway, back to topic i don't think all these taxes and fees will make more affordable houses. Instead the money will goes
to the government and the cost will shift back to buyer. I think government need to build or give subsidies to build more affordable
houses.
scng
post Sep 28 2012, 10:25 PM

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QUOTE(tikaram @ Sep 28 2012, 10:33 AM)
if invested in REIT

600K with 6% dividen for 20 years getting  at least 1.9 million

is the investment 1.5mil good @ 20 years later?
hahaha. What a joke!
0  600,000.00  636,000.00
1  636,000.00  674,160.00
2  674,160.00  714,609.60
3  714,609.60  757,486.18
4  757,486.18  802,935.35
5  802,935.35  851,111.47
6  851,111.47  902,178.16
7  902,178.16  956,308.84
8  956,308.84  1,013,687.38
9  1,013,687.38  1,074,508.62
10  1,074,508.62  1,138,979.14
11  1,138,979.14  1,207,317.88
12  1,207,317.88  1,279,756.96
13  1,279,756.96  1,356,542.37
14  1,356,542.37  1,437,934.92
15  1,437,934.92  1,524,211.01
16  1,524,211.01  1,615,663.67
17  1,615,663.67  1,712,603.49
18  1,712,603.49  1,815,359.70
19  1,815,359.70  1,924,281.28
20  1,924,281.28  2,039,738.16
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Bro, your idea worth considering. Which counter you recommend?
Seremban_Guy123
post Sep 28 2012, 11:58 PM

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QUOTE(oxm8 @ Sep 27 2012, 11:13 PM)
there is a lot of flats and apartment under 200k. in setapak we have genting court, teratai mewah, danau kota flat. idaman suria etc..... but well most of 'them' want landed houses. worst part they dont have enough cash to pay for 10%. end up they rent.... mmmm.just find affordable house for u
*
Setapak flat and apartment so expensive liao. still worth to invest
or not?


Added on September 29, 2012, 12:00 am
QUOTE(Helius @ Sep 28 2012, 09:26 AM)
I bought 1 unit bangsar south condo at 600psf for my 8 mths old baby, but I would say is cheap... I settle 30% as downpayment and monthly installment only 2.6K... Is still very cheap to me... Y everybody say expensive??

Everybody say expensive because no have no money to buy or just envy me?
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Nobody envy you. You just talking yourself here only. rclxms.gif

This post has been edited by Seremban_Guy123: Sep 29 2012, 12:00 AM
Seremban_2
post Sep 29 2012, 12:26 AM

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QUOTE(Helius @ Sep 28 2012, 09:26 AM)
I bought 1 unit bangsar south condo at 600psf for my 8 mths old baby, but I would say is cheap... I settle 30% as downpayment and monthly installment only 2.6K... Is still very cheap to me... Y everybody say expensive??

Everybody say expensive because no have no money to buy or just envy me?
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Expensive in a way suppose to be RM1 and reasonable to afford. Now it is become RM1.5 or RM2.

Goverment Should Tax Rich People like me.

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