Vacancy tax possible answer to property glut issue

Khazanah Research's Theebalakhsmi said the vacancy tax could push developers and homeowners to start selling or renting their empty units to avoid paying the tax.

PETALING JAYA: The implementation of a vacancy tax could be a key factor in addressing the issue of vacant and unsold housing units across Malaysia.

Khazanah Research Institute’s Theebalakshmi Kunasekaran said this tax is imposed on housing units that remain unoccupied or unused for a certain time period.