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Why Malaysia's house expensive?

Thu, 01 Jan 1970 07:30:00 +0800

Why Malaysia's house expensive?

MisterLeaf — Thu, 27 Sep 2012 21:00:07 +0800

Real Property Gains Tax (RPGT) is one of the capital gains tax imposed in Malaysia. RPGT is charged on gains arising from the disposal of real property. RPGT is a move to stop the real estate market speculators.

Our country had RPGT in the tax system many years ago until 31 March 2007, when the government abolished RPGT to attract foreigners to invest in Malaysia, but resulting in the disparity between the rich and the poor of the country more serious.

However, RPGT is re-imposed since 1 January 2010 at the rate of 5% on gains arising from disposals of chargeable assets. And the latest RPGT is revised to the following:

Properties held and disposed within 2 years, RPGT = 10%
Properties held and disposed after 2 years & up to 5 years , RPGT = 5%
Properties held and disposed after 5years, RPGT = 0%

The revised RPGT has hardly made the house price lower or stop the market speculators, because most of the construction takes time to complete, normally 2-3 years.

Low RPGT encourage rich people buy properties and sell it out to make fast money, resulting the price of the properties hike.

The government should revise the RPGT in Budget 2013, and charge a very high rate of profit tax if the owner of the property sell in a short time or is just using back the Real Property Gains Tax Act 1976 (Schedule 5)

Sijil Simpanan Premium BSN

MisterLeaf — Sat, 15 Sep 2012 21:06:58 +0800

BSN (Bank Simpanan Nasional) is the only one banking institution provided long term lucky draw campaign (Cabutan Bertuah).

We might win some attractive prizes when we save with the Sijil Simpanan Premium (SSP). Currently, BSN is offering more than 3,000 prizes a month to SSP Certificate Holders through the Monthly Premium SSP Draw.

We might get luxury car like a BMW, gold bar, iPad, MP4 or SSP certificate worth RM 100 every month.

With minimum RM 10, aged 12 and above, we can buy or purchase the Sijil Simpanan Premium (SSP) from BSN bank counter or ATM machine.

However, I bought this kind of SSP from BSN many years ago, but I didn’t get any prizes yet. Maybe I just put RM 100 for this investment, or maybe my good luck not yet come.

Anyway, I will try my luck again, maybe with RM 1000. I hope I can get a luxury car for wedding.

http://www.misterleaf.com/2763/sijil-simpa...panan-nasional/