THE increase in the Real Property Gains Tax (RPGT) to 5% from 0% on Malaysian individuals for the disposal of properties after the fifth year could subdue the local property market further.
PPC International managing director Datuk Siders Sittampalam said the measure, which was tabled at Budget 2019 yesterday, would affect the investors’ market.
Already a subscriber? Log in.
Subscribe now and receive free sooka plan for 1 month. T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
