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You can minus off all the cost as well. Lawyers' fee maintenance stamp duties ....... so the final rpgt is lower.

There are many rich malaysian lah. 90% of the people I know in Malaysia lives in landed and owns multiple cars. It is a land of many riches. Tomorrow if people do not trade with Singapore we have hardly any food to feed ourselves. No sand to build any more flats or condo. But the over 1 M...

In practical terms you are right. But if you look at the current practice the date of purchase is when you signed the spa and pay that 10% deposit. So if the developer did not complete the unit within 24 months of spa you gain right of compensation. If state consent is rejected then the spa is...

Now I know why MP are paid like that.

I believe it should be based on when the SPA is signed. Anyone here knows if the rules applies when the SPA is signed or state consent is given ?

Thanks for the insights. If that's the case will the current New measures help?

In Malaysia with the quota system really cannot understand how they blame foreigners especially when the quota for landed is only 20% for links and 30% for semis. In Singapore ss you know the new rule is that property name and loan name has to be the same. So if there are cases where a Malaysian...

It is a matter of doing your homework. Every country I go to locals do not like foreigners playing around with their property. Singapore and Malaysia are no different. We must always respect the locals and not take advantage. If you want to target the foreigners then stay within Medini, EL and...

Not sure about Mal Gov towards FT and FL, if strongly control as I see it for FT in my industry then will be muted or problem with growing higher paying jobs. The strong nationalism I think is good but they need to produce the skilled man power.

Special zones like Medini will be even hotter. The secondary market likely move up for valuation about rm 800k. The min limit of rm 1 m will hit the developers' current stock wonder if this is the reason HH new links are rm 1 m.

I believe the big developers were aware or had a heads up warning of these new measures. So they should be prepared. Need more clarity on the details like when it is effective. Any idea if they should be passed in parliament first or it is given all these will be adopted?

Is rgpt immediate ? So if sell tomorrow kena 30% ? Is the rm 1m min limit immediate ? So tomorrow cannot buy Epic for rm 888 k ?

Stamp duty is state control.

ABSD has some effect because the initial cash up front is large. I know of a few folks stop looking at new launches because of it. Mine you one them is just switching but the thought the money is kept with the gov for 2 years while prop is being build is unsatisfying.

Re: The Epic :) So they need to stop DIBS to stop price raise. With CG reportedly sold 80% Malaysians must be snappy it up since only 50% can be foreigners.

Re: The Epic :) My thoughts exactly.

May be good to focus on which are the better developments for the time being. Any idea when the assembly will debate the proposal ? It is interesting such increase has to go to the assembly, in Singapore they just announce it at the end of the working day.

Re: The Epic :) Yes the gov must do something. With a quota control who are the rest of 50% in condo case, Malaysian buying ? Other than the special Medini with no quota, the rest have it. In link house it is as low as 20%. In semi n bung only 30% so there must be Malaysians who are...