14.10.2011 - Malaysia: Property bubble in 2012 unlikely, says Chor
Malaysia is unlikely to experience a property bubble next year, as several measures have been introduced to curb soaring real estate prices, Housing and Local Government Minister Datuk Chor Chee Heung said. He said in the 2012 Budget, the government reviewed the real property gains tax (RPGT) by increasing the rate for properties disposed of within two years of purchase to 10 per cent from five per cent..............................................Full Article: Source
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