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

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BrandsOutlet
post Sep 29 2012, 12:46 AM

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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
humble_tot
post Sep 29 2012, 12:55 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?
Wow, 30% dp shakehead.gif
Woww, installment only 2.6K shocking.gif
Wowww, for 8m old bb drool.gif

I really feel envious & jelly of u cry.gif
FlyingJoy
post Sep 29 2012, 01:29 AM

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QUOTE(scng @ Sep 28 2012, 10:25 PM)
Bro, your idea worth considering. Which counter you recommend?
*
agreed. possible share the counter with me too? :-)
cheraspeople
post Sep 29 2012, 02:18 AM

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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!
*
You got the point! i like your statement. We really need to work harder or/and smarter to earn more. I do not have high qualification but i am leading a group of people with MBA certificate. It is not because i am smarter or luckier than them, it is because the strategy i used to get things done in the way that bosses like it. The environment will not change for you, is you to adapt or use the right strategies to alleviate the impact and survive from there. Keep complaining (i see it as releasing the negative energy) is useless, tell urself can do it ( i see it as positive energy) then one day you can do it too even when a normal condo reach 1mil or higher you can still afford it. This is what i always tell me wife, don't complain this and that because i do not need your negative energy.


Added on September 29, 2012, 2:24 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?
*
i did similar things for my son too but i will not let him know and would like to see him earning his first house without asking for my support.

This post has been edited by cheraspeople: Sep 29 2012, 02:24 AM
FlyingJoy
post Sep 29 2012, 03:09 AM

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QUOTE(cheraspeople @ Sep 29 2012, 02:18 AM)
You got the point! i like your statement. We really need to work harder or/and smarter to earn more. I do not have high qualification but i am leading a group of people with MBA certificate. It is not because i am smarter or luckier than them, it is because the strategy i used to get things done in the way that bosses like it. The environment will not change for you, is you to adapt or use the right strategies to alleviate the impact and survive from there. Keep complaining (i see it as releasing the negative energy) is useless, tell urself can do it ( i see it as positive energy) then one day you can do it too even when a normal condo reach 1mil or higher you can still afford it. This is what i always tell me wife, don't complain this and that because i do not need your negative energy.


Added on September 29, 2012, 2:24 am

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Agreed! +1 thumbup.gif
AMINT
post Sep 29 2012, 08:22 AM

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Totally agreed with cheraspeople 110%
xyyap
post Sep 29 2012, 10:22 AM

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QUOTE(cheraspeople @ Sep 29 2012, 02:18 AM)
You got the point! i like your statement. We really need to work harder or/and smarter to earn more. I do not have high qualification but i am leading a group of people with MBA certificate. It is not because i am smarter or luckier than them, it is because the strategy i used to get things done in the way that bosses like it. The environment will not change for you, is you to adapt or use the right strategies to alleviate the impact and survive from there. Keep complaining (i see it as releasing the negative energy) is useless, tell urself can do it ( i see it as positive energy) then one day you can do it too even when a normal condo reach 1mil or higher you can still afford it. This is what i always tell me wife, don't complain this and that because i do not need your negative energy.


Added on September 29, 2012, 2:24 am

i did similar things for my son too but i will not let him know and would like to see him earning his first house without asking for my support.
*
U must have high EQ.

Can I work under u when I back to Malaysia 2015/2016?

I am just a IT degree holder.

SUStikaram
post Oct 1 2012, 09:20 AM

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QUOTE(scng @ Sep 28 2012, 11:25 PM)
Bro, your idea worth considering. Which counter you recommend?
*
Any reit la.


try avoid the govt link company reit.
SUSUFO-ET
post Oct 1 2012, 10:10 AM

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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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IMO not much to do with RPGT, root caused is "urbanization"
oxm8
post Oct 1 2012, 09:31 PM

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goood or not depend on u laa..
my recommendation is for own stay & if buyer on limited budget, just buy it laa..if got extra budget then buy PV...
ryder_78
post Oct 3 2012, 07:32 AM

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There is quite a bit of misconception here on prices of property in Malaysia. Firstly, there are few scenarios involved here. Most here seem to be harping on the financial capability of a person in owning a home. Of course this is a valid point, otherwise we would see everyone from the lower-income group owning RM1 million properties.

It is prudent to say that there are other factors driving the prices of properties up. Hard-core speculators who buy 10 units or more upon launching and releasing them at a high mark-up 1-2 years later when construction of the building is completed, or investors who bought much fewer units but still contribute to the effect. This phenomena is quite evident for the past 2-3 years especially for properties below RM500k, less common with those in the higher price bracket.

Apart from local speculators who some of them rely on this type of buy/self for a living or side-income, foreign investors too play a part due to the weak Ringgit. Singaporeans find our properties cheap whilst other foreign investors have played a part as well in driving up the prices of properties here. This pattern was seen in other parts of the countries as well, especially Singapore when mainland Chinese investors have driven property prices in Singapore to a very high level.

In the recent budget announced by the government, it appears that they have taken all aspects into consideration. ALthough the government are aware that all this property speculation is an issue, the interest of developers and other players in the industry would be important too, since some of them are their allies, apart from the fact that the property/construction industry is one of the big factors that contribute to the growth of the economy.
kiddyinvestor
post Oct 3 2012, 09:11 AM

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Perhaps if the RPGT change to something like this:

Properties held and disposed within 4 years, RPGT = 10%
Properties held and disposed after 4 years & up to 6 years , RPGT = 5%
Properties held and disposed after 6 years, RPGT = 0%

Then i guess it really would make a big different.

Despite the announcement of Budget 2013, i saw some upcoming new plan launches still at new high price.....
fei_singh
post Oct 3 2012, 09:30 AM

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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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thumbup.gif rclxms.gif


Added on October 3, 2012, 9:30 am
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
*
thumbup.gif rclxms.gif

This post has been edited by fei_singh: Oct 3 2012, 09:32 AM
TSMisterLeaf
post Oct 6 2012, 07:18 PM

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Budget 2013:

Properties held and disposed within 2 years, RPGT = 15%
Properties held and disposed after 2 years & up to 5 years , RPGT = 10%

Happy? Wait for another rising.
AMINT
post Oct 6 2012, 07:22 PM

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QUOTE(MisterLeaf @ Oct 6 2012, 07:18 PM)
Budget 2013:

Properties held and disposed within 2 years, RPGT = 15%
Properties held and disposed after 2 years & up to 5 years , RPGT = 10%

Happy? Wait for another rising.
*
get ready ur bullet. peng peng peng
SUSUFO-ET
post Oct 7 2012, 02:38 AM

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I always feel lucky to live in this country, I meet property players everyday, all I can say is we are very very conservative indeed, this is a good sign to our property mkt. Bout 80% of the home buyers complaint property prices, I am marketing a 3-storey SUPERLINK houses since 2003, the price has risen fr 563K - 1.4 mil to-date, 95% of my buyers were complaining the selling price fr day 1.
If > 40% of the people are bullish, then the mkt will burst. I think in general (whole mkt), optimistic constitute bout 15% now. My guess

This post has been edited by UFO-ET: Oct 7 2012, 02:39 AM
kh8668
post Oct 7 2012, 08:38 AM

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QUOTE(UFO-ET @ Oct 7 2012, 02:38 AM)
I always feel lucky to live in this country, I meet property players everyday, all I can say is we are very very conservative indeed, this is a good sign to our property mkt. Bout 80% of the home buyers complaint property prices, I am marketing a 3-storey SUPERLINK houses since 2003, the price has risen fr 563K - 1.4 mil to-date, 95% of my buyers were complaining the selling price fr day 1.
If > 40% of the people are bullish, then the mkt will burst. I think in general (whole mkt), optimistic constitute bout 15% now. My guess
*
Everyone complains about property price in msia very is expensive since few decade ago. wink.gif but still we see people keep buying


Added on October 7, 2012, 8:42 amHk property market is what our future looks like

This post has been edited by kh8668: Oct 7 2012, 08:42 AM
xyyap
post Oct 10 2012, 02:20 PM

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QUOTE(UFO-ET @ Oct 7 2012, 02:38 AM)
I always feel lucky to live in this country, I meet property players everyday, all I can say is we are very very conservative indeed, this is a good sign to our property mkt. Bout 80% of the home buyers complaint property prices, I am marketing a 3-storey SUPERLINK houses since 2003, the price has risen fr 563K - 1.4 mil to-date, 95% of my buyers were complaining the selling price fr day 1.
If > 40% of the people are bullish, then the mkt will burst. I think in general (whole mkt), optimistic constitute bout 15% now. My guess
*
Agreed.

People always like to compare properties about time & price. They forgot about many other factors.

Helius
post Oct 10 2012, 02:56 PM

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I still think Malaysia property is cheap....

Y everybody say expensive?? Our neighbour next island is selling much much more expensive... China and hong kong much more worst...

So we still have a long way to go as I could see everyone still afford to buy now, just whether cheap or expensive... There are still plenty of house selling below 200k....

So don't complain expensive if u are not affordable... Not everyone are no 1 in a class since we were in kindergarten....

Learn it and accept it~~~
Hornsen
post Oct 10 2012, 07:06 PM

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Property in KL area and Penang island area is expensive, not the entire Malaysia lah... a lot of house in not so high density area are still very affordable.

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