The Future of Property Market : Where Do We Go From
Here?
Prices of GST-Exempt
Items Likely to Rise
Too
The prices of items that are exempted
from the impending Goods and Services
Tax (GST) will also go up, according to the
Customs Department.
Property Investment isn’t a
straight line; you wouldn’t know
where you are heading to until
you played the game and the
winner has been announced.
Any game in fact, needs you to
follow strategies closely in order
to succeed. Property investment
is no different; all you need is a
solid investment strategy.
Every property investor has their
respective investment profile. It
is crucial to identify the correct
strategies that suit their profile
and the right time to carry out
the strategies. Otherwise it
could end in you losing money
to the drain. There are also
plenty of instances where
certain strategies don’t work
due to market constraints. For
example, Buy & Flip is not exactly
the best strategy now following
the implementation of RPGTcooling measure introduced by
Malaysian government. Similarly,
some other strategies will no
longer work in the future when
GST implementation starts next
year.
Organized by Wealth Mastery
Academy (WMA), Property
Investment Convention 2014
(PIC 2014) is the perfect ground
for property investors, home
buyers, developers to further
understand the latest trend of
the property market. Market
experts from various fields
will come together and share
their impeccable insights and
information on what’s hot and
what’s not in the property
world. This year, participant
can expect new strategies and
unveil hidden opportunities that
a few years ago were believed
“not fashionable enough” to pay
attention to.
Tan HwaChuan (Director of BIG
Group of Companies & Land
Development Advisor) and more
speakers will join this impressive
line-up once WMA has worked
through all the fine print.
This year’s theme for PIC 2014
is “The Future of Property
Market- Where Do We Go from
Here?” Strategies that were so
popular couple of years back,
may not work as well today due
to the differences in government
policies and economic issues.
Hence, investors who made
tremendous profit from a set of
strategies before are no longer
receiving the same returns now.
If you have no clear direction or
idea on where your investment
direction should head to, PIC
2014 is where you should go
to. A perfect platform which
provides fantastic investment
strategies that you can
immediately apply and make
tremendous profit.
In addition to learning from the
speakers, participants can also
check out the Exclusive Property
Exhibition from carefully selected
developers. Visitorswill find
very attractive deals from the
exhibitors that are exclusively put
together for this convention only.
Property Investment Convention
2014 (PIC 2014)
Date : 12th July – 13th July 2014
Venue : Sunway Pyramid
Convention Centre (SPCC)
Time : 9am to 6:30pm
The line-up of illustrious speakers
include, Milan Doshi (Property
Guru & Bestselling Author),
Prudence Wong (Property
Entrepreneur), VeenaLoh
(General Manager of Malaysia
Property Incorporated), Vincent
Wong (Bestselling Author &
Lease Option Mentor), John Lee
(International Speaker & Mentor),
Visiting the various booths
of exhibitors in the exclusive
property exhibition is free,
however only those with valid
tickets are allowed to enter the
conference hall to learn from the
speakers. At the moment, WMA
is running special promotion for
PIC and ticket prices will increase
as the date of the event draws
nearer.
Investors who want to attend
this event are advised to
secure their seat early to avoid
disappointment. For more details
on the convention, kindly contact
03- 2202 1178 or visit the official
convention website at http://
wma.my/pic2014.
According to Customs Department
Senior Assistant Director Chin Jek Bin the
increase would be a result of suppliers
passing on their costs to the consumers
instead of absorbing it themselves.
This is because GST-exempt items
will still be taxed at the supply level
but retailers cannot charge the tax to
customers.
“So when it comes to services and
goods which belong to this category,
may I remind everybody that there will
be some increase in price,” said Chin in
a talk for small and medium business
owners at the Customs complex here.
“For the simple reason… the supplier
himself pays GST. But the government
says that you cannot claim back because
[for] your service, you don’t have to
charge GST.”
Among items which will be exempted
from GST are residential properties,
financial services, education, childcare,
healthcare, and public transportation.
The prime minister said last month that
Putrajaya is looking into adding more
items into the GST-exempt list.
In addition to the exempted items, there
are those categorised as “zero-rated
supply”, which refers to items that are
liable for GST, but are charged a nil rate
at the point of purchase.
The controversial GST Bill was passed in
April in Dewan Rakyat, the lower house
of parliament, with 119 votes for and 81
votes against.
The Bill also went through the committee
stage reading with no amendments,
ensuring that the consumption tax starts
at a flat rate of six per cent beginning
April 1 next year.
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