Wariness over proposed property vacancy tax


At last Thursday’s Dewan Rakyat session, Housing and Local Government Minister Zuraida Kamaruddin (pic) said her “ministry, with big data information, can have our projection and can advise developers if the projects are suitable or not.

PETALING JAYA: A property research head and an economist continue to view the vacancy tax proposed by the Housing and Local Government Ministry with wariness.

Economist Carmelo Ferlito said it is only “sound and wise” for developers to do market and financial feasibility studies before going into a project.

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