“In fact, built units belong to their legitimate owner, who has to be free to choose to hold the property if the price emerging in the market is not satisfactory for him or her,” the Centre for Market Education's (CME) Dr Carmelo Ferlit said.
KUALA LUMPUR: The Centre for Market Education (CME) has issued a four-point statement to oppose the government’s proposed property vacancy tax to be paid by developers on unsold units priced above RM500,000.
Dr Carmelo Ferlito, who heads CME, said in a statement on Wednesday that such a tax, as proposed by the Minister of Housing and Local Government Zuraida Kamaruddin, should be avoided.
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