participants of the 2014 post budget dialogue at henry butcher office at burma road. starpic by goh gaik lee. 12/11/13
THE Real Property Gains Tax (RPGT) will not have much of an impact in deterring speculators from buying property, said KPMG partner Ooi Kok Seng.
Ooi said since the RPGT was only 30%, property speculators would still be left with a profit margin of 70%, which was still attractive in drawing speculators.
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