KUALA LUMPUR: The increase in Real Property Gains Tax (RPGT) on the profits from the disposal of real estate, as proposed in the Budget 2019, will see increases in sub-sale prices of real properties, says the Malaysian Institute of Architects (PAM).
President Ezumi Harzani Ismail said although the proposal is intended to curb speculation, it affects the actual sub-sale needs of home-owners upgrading to a better new home.
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