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Prime Minister Datuk Seri Abdullah Ahmad Badawi, who announced the scrapping of the real property gains tax (RPGT) from April 1, hopes the move would 'inject more excitement and dynamism to both the property and financial sectors.'
Expectations are running high that the Government may abolish the real property gains tax (RPGT) and announce the move at the three-day Invest Malaysia conference which starts tomorrow.
The Government should consider a year's waiver on real property gains tax (RPGT) to help boost the property sector, Henry Butcher Malaysia (Seberang Perai) Sdn Bhd senior manager Fook Tone Huat said.
The elderly and needy will get RM200 in aid a month - an increase of RM65, thanks to Budget 2006.
Rapid urbanisation and the country's demographic profile with its sizeable population of young people offer tremendous opportunities for developers of medium-priced houses. LBS Bina Group Bhd, one of the leading players in the affordable sector, believes it will make good headway in the industry by incorporating more value-added features in its property products.