Budget 2014: Higher tax will help stabilise house prices


THE National House Buyers Associa­tion (HBA) has welcomed the Government’s proposal to increase the Real Property Gains Tax rate, which it said would help stabilise house prices.

The revision was also lauded as an “excellent mathematical formula” to prevent the emergence of a “homeless generation” among young adult Malaysians, HBA honorary secretary-general Chang Kim Loong said.

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