House Buyers Association wants real property gains taxes to be raised to curb speculation

KUALA LUMPUR: Stamp duties and real property gains tax (RPGT) on the third and subsequent properties should be increased to curb speculative buying of properties, the National House Buyers Association (HBA).

The government has been imposing low stamp duties to encourage home ownership but speculators had taken advantage of them to accumulate multiple properties and manipulate property prices.