Lol !! some more, the mark up to cover the RPGT is base the selling price before the "jacked up" price wuor!! 

Buyer will listen and obey what seller want. 

You can simply put any price tag, buyers are desperate to buy any house.

I just hope RPGT being set at 50%, so that property price can be jacked up more. 

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Added on October 11, 2010, 1:46 pm

That's why I suggested 50%. 

Sapu properties out there before RPGT being announced. 

my area there in Penang the price is quite crazy.

my bro bought the house at RM 267/f, super condo type, 60% foreigners 40% local, now the price is around RM 400/f, which is quite fair because he bought it about 5years ago which the price not yet go up yet. now all fully occupied

now new developers E&0 came out with studio apartment, 1300sf, RM 1.3mil.
link : http://www.pulau-pangkor.com/straits-quay.html

the salesman told us is own 30% foreigners 70% local. 80% sold.
at RM 1000/sf, it's more expensive than landed house at prime areas.

70% locals can u imagine that, for a local to stay there ? it doesnt make any sense for locals at that price. why should i pay RM1000/sf when i can get other luxury condo at RM 400/sf ? the price is totally in twilight zone.
i feel that now the price of new house is very dangerous, especially for speculators, price will increase 15% to 30% after project is completed, but if you take in account that the new property price will keep on increase because developers does sell below the current market price, meaning new projects will be more expensive 30% from market price today, while older property will still be much less. So if you push it higher and higher after 5years, lets say 15% increase per year, you go do the math

lets see, original price = 300k

year 1 = 345k
year 2 = 400k
year 3 = 460k
year 4 = 530k
year 5 = 600k

with growth of 15%, by 5years the price is already doubled, u go ask yourself whether that is sustainable or not flippers just want first level profit, lets say about 15% to 30% profit, but you have to see they started at which year.

developers now are not selling below market price, they are selling somewhere near or higher market price, thats is where the danger sets in

Wow the activity on this thread has really increased.  I think people are missing the point here.  Imposing cap gains tax is an attempt to control speculative bubbles.  This could be done via rise in interest rates or combination of controls to cool the market.

Any of this activity works against values of property meaning the buyer perceives the cost as more and seller must reduce the price accordingly.

At peaks of bubbles you will see this type of regulation being discussed when the bubble is already present then the government and potentially banks are asking for a soft landing.  The posts here suggest classic bubble mentality and emotional reaction to RE that is currently in play globally.

We in Malaysia are only lagging other Asian markets which will correcting by year end then we will follow soon after.  Your window to take gains now is 3-6 months.

The classic of market peak

1. More and more people talk about property investment
2. Take for granted, buying property must make money.
3. More and more seminar talk about property, strategy of property investment.

Wow the activity on this thread has really increased.  I think people are missing the point here.  Imposing cap gains tax is an attempt to control speculative bubbles.  This could be done via rise in interest rates or combination of controls to cool the market.

Any of this activity works against values of property meaning the buyer perceives the cost as more and seller must reduce the price accordingly.

At peaks of bubbles you will see this type of regulation being discussed when the bubble is already present then the government and potentially banks are asking for a soft landing.  The posts here suggest classic bubble mentality and emotional reaction to RE that is currently in play globally.

We in Malaysia are only lagging other Asian markets which will correcting by year end then we will follow soon after.  Your window to take gains now is 3-6 months.

The great thing about speculative investment activity, ultimately resulting in a price bubble forming, is that it can keep on going longer if
1 more and more suckers join in
2 liquidity does not dry up
3 authorities do not intervene

The property game is not that different from the stock market game. Greed rules the day but it cannot rule forever. Ultimately, something happens to bring people to their senses and the partying stops. Just don't be left holding the zero's.

gee... dunno about the others but I do not treat my properties investment nor those 1st liner klse shares / unit trust as a stock market speculation game  its for rental income, dividends, bonus issue & what not (long term holding)

sooner or later, liquidity will dry up. market crash come & go, do ensure got reserves to grab opportunity 
since the last crisis was 2008, maybe the next one could be 8-16 years later
the current crisis is too fresh in our mind & there r not enuf suckers sucked in yet 

if there r good property deals now, I'll still grab   yeehaa...

went for a preview of one of these property gurus..
the actual course abt 5k..
is it worth it? ...any opinions from those whove signed up for such courses will be appreciated.thanks

not worth it. I have never attended any of such course.
basically you are just contributing to their wealth so they could buy even more properties! 

i know a guy, not even 30 yet, already got more than 10 units and already financially free. he never attended any courses.

10 units and financially free without gearing ?

actually i believe he owns 15 units now. not too sure about his gearing situation, but not all debts are bad.

I'm sure his income tax surely commensurate with the ownership of 15 units unless he has a realty sdn bhd.

Actually you'd be surprised. one of the most famous property gurus out there hardly pays any taxes.