Malaysia to impose 6% sales tax by 2015

[soros]

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.

hmm..i never see it this way of analogy..interesting
so those who bought it between 500k to 1mil will have to be long term investors now? or maybe they can apply for the Malaysia my 2nd home stay visa now?

If i look at it this way: The cheapest property a foreigner can buy is 1mil. So a foreigner who wants to buy a property in Iskandar have to fork out 1mil. Does that mean those who bought Iskandar properties below 1mil can start selling at min 1mil?

What is the average monthly rent paid for 1000 sq ft flat in Iskandar ?