REAL estate agents in Ipoh are worried that several measures announced during Budget 2014, such as the Real Property Gains Tax (RPGT) hike, will dampen the already soft Ipoh property market.
PWP Properties (N) Sdn Bhd business development director Stephanie Chang said the announcement of the increase in RPGT, ranging from 30% to 15% of profits for properties sold within five years, had caused a scramble among several of her clients to sell off their properties before the new rates are imposed on Jan 1, 2014.
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