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#Budget 2010:* Rehda concerned about re-imposition of real property gains tax

KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (Rehda) is concerned about the re-imposition of the Real Property Gains Tax at 5% for disposal of real property effective next year.

Its president, Datuk Ng Seing Liong said such an imposition is counter productive to the efforts to stimulate the property market, especially in the current global economy.

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#Budget 2010:* Positive news for Mah Sing Group

KUALA LUMPUR: The government’s effort in promoting green technology and waiver of stamp duty for buyers of Green Building Index (GBI), a green rating index, certified properties will further spur the demand for environmentally friendly projects in Malaysia, said Tan Sri Leong Hoy Kum, group managing director, Mah Sing Group Bhd in a press statement released Oct 23.

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#Budget 2010:* Government to encourage the adoption of green technology

KUALA  LUMPUR: In a move to encourage the adoption of the Green Building Index (GBI), a green rating index launched on May 21, 2009, the government will give income tax exemption to building owners obtaining GBI certificates from Oct 24, 2009 until Dec 31, 2014, announced Prime Minister Datuk Seri Najib Tun Razak in presenting the 2010 budget on Oct 23.

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#Budget 2010:* Property sector highlights

KUALA LUMPUR: As expected, it was a quiet Budget 2010 for the property sector. Here are some highlights in Malaysia’s Budget 2010 tabled in Parliament by Prime Minister Datuk Seri Najib Razak on Oct 23:

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