the real rgpt is much less than 30%. (if you know how)
so the flipping process will continue and prices will tend higher.
yesterday  a developer just launch at 650psf soho units.

many units taken except units with 4 on it

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Added on October 10, 2010, 12:50 am

what if every one jack up 30% and valuation also jack up by 30% and bank refinance after jack up 30%

then property prices will go higher... cant you see?

anyway, if no one want to buy, those sellers are not in a hurry to sell too...so buyers have no choice but to follow with additional payment of 30% to the government.

can't you see that the government are short of funds and its high time to get more money in thru rakyat's nose and earn praises from the rakyat.

its a double edge sword!!!!
MALAYSIA BOLEH

fainted! if you are selling your property at 300k and assume you buy it at 200k, means you want to make 100k. then just jack it up to 390k..
when buyers ask for discount ... sell it at 370k.

so 370k-200k=170k

you will net at around 100k

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. 

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

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

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

prices will still be JACKed up.
just that the money dont goes into gov coffers