Incentives for foreign property buyers needed

PETALING JAYA (June 5): The property market stimulus measures announced under the country’s Penjana Short-term Economic Recovery Plan (ERP) today would benefit the domestic market but the country needs foreign investors to help the market recover as well, said the Associated Chinese Chambers of Commerce & Industry of Malaysia (ACCCIM) head of taxation committee Koong Lin Loong (pictured).

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MIPEAC calls for urgent property market stimulus

KUALA LUMPUR (April 3): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has joined recent calls for the government to provide specific stimulus measures for the real estate industry in light of the prolonged slowdown and the impact of the Covid-19 outbreak and ongoing Movement Control Order (MCO) in the country.

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MIEA: RPGT should be zeroized till the end of the year

PETALING JAYA (March 31): The  Real Property Gains Tax (RPGT) should be zeroized (as it was in 2007) till the end of the year to help boost the already soft real estate market in the country, said the Malaysian Institute of Estate Agents (MIEA).

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Sime Darby 2Q net profit dips 11% on recognition of RPGT

KUALA LUMPUR (Feb 26): Sime Darby Bhd's net profit for the second quarter ended Dec 31, 2019 fell 11% to RM282 million from RM317 million a year earlier, mainly due to recognition of a deferred tax credit of RM129 million arising from the change in real property gain tax (RPGT) rates.

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Estate agents: Budget 2020 below expectation especially on RPGT

  PETALING JAYA (OCT 11): Although encouraged by some of the government’s Budget 2020 announcements today that focus on stimulating the property market, the Malaysian Institute of Estate Agents’ (MIEA) immediate past president Eric Lim said overall, Budget 2020 was “slightly below his expectations”.

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