28-10-2013, 09:33 PM
http://www.reuters.com/article/2013/10/2...TY20131025
the main thing is not the sales tax, the main thing is the foreigners curbs which announced in the 2014 budget. Buying curbs now raised from 500k to 1mil ringgit.
Basically whoever bought malaysian property last year priced > 500k and < 1m they could be screwed by this new ruling because no foreigners will be able to buy their properties.
They changed curbs from 100k in the 80's then 250k in the 90's and again 500k and now 1mil.
the main thing is not the sales tax, the main thing is the foreigners curbs which announced in the 2014 budget. Buying curbs now raised from 500k to 1mil ringgit.
Basically whoever bought malaysian property last year priced > 500k and < 1m they could be screwed by this new ruling because no foreigners will be able to buy their properties.
They changed curbs from 100k in the 80's then 250k in the 90's and again 500k and now 1mil.