Malaysia Property, Anyone?

Malaysian property market has been picking up due to several government measures to spur economic growth since last December. This year, the Government has waived real property gains tax (RPGT) and relax foreign ownership restrictions on residential properties priced over RM250k.

Analysts believe the low- to medium-priced property segment might be the next in line to receive a government boost in the form of incentives. They also foresee more tax incentives to revive interest in REITs (real estate investment trusts). Other possible incentives are: reduction of stamp duty, relaxation of foreign ownership of commercial properties, and restructuring of EPF depositors' accounts to allow more withdrawals for property purchases.

* The Star-Goodies *

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Guess my frens who hv invested in M'sia KL pty recently will be vy happy if these incentives come true.