Waa very smart explanation lol...

So u mean if u bought a property for 1 M later sell at 1.2 M but need to pay 360K RPGT, which mean U actually loss 160K ?  correct ?

Real Property "GAIN" Tax not Real Property "SALES" Tax, understand ? Tax from the "Gain" not from "Sales" ..

yes only from gain, but need to include loan penalties,  legal fees (sales & purchase & loan), stamp duties (loan & s&p).. when you bought from developer, and then another round of S& P legal fees when you sell...

and also, minus your initial deposit paied say 500k (50K), and any loan that you have service , say you pay 2.2 k monthly, you paid 10 months, that is 22k..

PROVIDED YOU CAN SELL, minus everything you get the nett, then divide by minimum 3 years or 2 years completions dates for new prop landed and high rise..

other than this it rugi kes... every month bleed 2.2k , sumore insurance fire, quit rent and assessment, and havent include MLTA and MRTA another extra RM200 per month, if flipping they wont bother..

all above this, you as an owner will then buy from them the inflated price, your burden will double of them.. good luck choose wisely, if deal is really good grab it..

first hurdle is the bank valuation anyting less tha 80% not worth it at all even 90% also need to kfully see the surroundings..

my 2 cents