right now our government will implement 7% GST so it makes property price increase. What IF opposition won and implement minimum labour salary to RM1100?

IMHO property price still increase and buyer still need to pay more. Correct me if im wrong...

+1 if u ask me, either PR or BN wins, price will still go up. Unless there is an instability in terms of security like riots everywhere.

At the moment, the proposed GST has presented to the parliament for the 1st reading. 2nd reading and 3rd reading yet to be done. If GST is gonna to replace Sales and Service Tax (SST), then it needs 2/3 majority of the YB to pass through as it involves changes of indirect tax collection system (if I m not mistaken).

After the 13th election, opposition managed to get over 1/3 of the parliament seats and they are opposing GST.
This mean that GST may not be implemented in the forseeable future , imho.

you also will said 1/3 parliament will opposite, but still got 2/3 still is BN, and the chair man of the country is Najib... so i dont think Parliament opposite will win for this issue...

GST confirm will implement, just timing only, maybe in end of the year wait for everything smooth 1st...

Thats why they give u a sweet and take away a pack of sugar from you... we 51% apposed

i observed that price in up up now.. if those wait, just need to take a bet to wait more longger to confirm the GST issue better =)

Read carefully, I said over 1/3 is held by opposition. That mean BN is holding less than 2/3.
Get it?

This post has been edited by Denis: May 21 2013, 02:01 PM

BN is hold 133 Parliament, Oppsition is hold 89 Parliament...

BN still strong that Oppsition, and the Najib still is the king... so the decision is not made by Opposition...

You need to face about GST.... dont give so many hope can avoid GST..

Bro, 2/3 required only to amend constitution

To pass parliament bills/law, simple majority will do.

And I thought 3rd reading has already been done ? Everything is ready but ah jib chicken out last minute....

So, GST is just waiting for ah jib to say "Go !". That will be after UMNO election, if ah jib is still the president. If not it will be Moohidin to call...

That is too bad.
Anyway, thanks for clarification.

WWW or BBB now depends on luck. haha

Yup to pass an bills/laws, simple majority will do. So, GST actually has already passed. However, they needed to wait until after GE 13. Implementing it before GE 13 spells doom for BN. Only those stupid will vote for BN.

On another note, the opposition can still challenge the law in court. They can bring it up to the high count upto federal court. Having said so, imagine the impossibility of the fed court supporting the oppositions. To all, spend less on anything. GST is totally different from SST. GST is imposed on ALL LAYERS of goods and services, while SST is imposed on sales point. Once GST implemented, petrol will increase, then transportation will increase. Once it comes to consumers, it's no more 7*, but 7% on increasing balance on every layer.

Say a fisherman catches fish. He needs petrol, which has 7% on it. He catches and sells to middle man, charges anoda 7% on, say RM100*7%. Then comes to market, sells to those market fish sellers, anoda 7% gone. Don't forget about petrol to transport. Then they transport to fish market, another 7%. Lastly to us, ANOTHER 7%. If u do the maths, it's more than 6x of 7%. Haha

Guys, and not to forget the markup on selling point. Once u add up, you will notice 3k a month on salary will get u NOWHERE. lol

Salary increase 7% got or not? LOL

haih.. How to buy property now.

I pity those who really listen to DDD camp in the "property up or down" thread. Look at what happens if they listen to DDD camp. Everybody else still wanna listen to them? I dont consider myself upupup camp or down down down camp. I was and still am being realistic. Anyway, there will still gonna be reasonably priced props. I am sure of it. Just dont expect top notch with the lesser money being paid for it

DDD?
Oh... down down down
Anyway, for me .. anytime is a good time to buy, as long as one has the money and found good deal, please do go ahead . No one can predict when is the market going to come down... not even the developer n gov... if those ppl r greater than the developer or gov.. why dont they build their own house or own project...
I call them speculator... they love to speculate and if their wrong.. nothing wrong.. if their correct..then they will come out and say how good they r n how great they r
Property investment is a long term thingy... mostly will make profit in the long run 5-10 years.

This post has been edited by savants: May 21 2013, 05:41 PM

correction on the "buy/sell"

- residential titled property is GST exempted....no GST but input GST payable by developer will be blocked and passed on to purchasers. In other words, residential property shld be increased even GST is exempted
- commercial titled property incl residential property - GST standard rate will apply.

Jagan main main la friend.

Why people wanted to buy at market 6x? If can buy a cheaper one at pasar tani? 1x

not like that lah kawan . ask ur accounting friend, after input n output the GST rate only charge on last end user price only lah !