/// West Malaysia Property News
WEST MALAYSIA
PROPERTY NEWS
Sharing news and information about various issues
related to the property industry from Peninsular Malaysia.
Penang’s New Housing Rules to Start in
February
Wide Support for Revised RPGT
a rate of 30% within three years
followed by 20% and 15% in the
fourth and fifth year respectively.
No tax is imposed if a property is
sold after six years.
The increase in the real property
gains tax (RPGT) to discourage
speculative buying has come in
for wide support, and not just
among people looking to own
homes.
Centre for Public Policy Studies
chairman Tan Sri Ramon
Navaratnam said the RPGT was a
good way to dampen speculation
and even prev