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New developments to share
- Thread starter wuqi256
- Start date
Presently the special zone is exempted from the minimum 500K purchase for foreigners so I feel its likely that will be maintained, they wouldnt want to scare off foreigners completely.
Its the Bajet 2014 so I believe its effective Jan 1st 2014.That's usually the case. There may eb a rush to secure properties below 1M for long term buyers buying for own stay, so till end of the year the 500K to 999K bracket may do well.
Dont think so immediate. Last round fr 250k to 500k we were given six months notice.
where to find ? new ones sold out , resale one have not hit 6 yrs to enjoy taxexemption .
may not get state consent. for eg if bot 700k house, next year, sell 1M (minimum). got foreign buyer, but state valuation may not be 1M.
prepare for a long haul if flipping.
actually i pity those who really intend to stay in jb to retire but cannot / don't want to pay 1M. in future, they will have to stay put in singapore. 1M is easily more than HDB price already. i expect significant no of singaporeans in future will decide to forget about Johor and go thailand . i already know one of my colleague will most likely not bother about jb anymore given the new minimum price
as i mentioned some time back, msia shot itself in the foot. haha.
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You have a point abt resale, but for Malaysians tax is not as high after first 3 years so some may be willing to sell if profit is worth it and they have a unit that has passed that time, also can still get exemption for one property.
are u sure ? thot its 5% after 5 yrs ?
but sugar price sudah naik besok. http://www.thestar.com.my/News/Nation/2013/10/25/Budget-2014-reax-GST-sugar.aspx
in the near futureI was surprised that the M'sia gov decide to move to RM1M, coz lot of unsold Condo will be less than that. Initially, I thou might be landed >1M, Condo remain the same at RM0.5M. I think will have fire sales in some of the projects coz the Local will press the price down or even will not buy them at all.
I believe the big developers were aware or had a heads up warning of these new measures. So they should be prepared. Need more clarity on the details like when it is effective.
Any idea if they should be passed in parliament first or it is given all these will be adopted?
Any idea if they should be passed in parliament first or it is given all these will be adopted?
That is the million dollar question as my parents has signed the SPA in September and we are told by our lawyers that the state consent result will be out some time next week. Hope no issues and they can get their unit and retire happily there.
Sigh... Malaysia really cant think of a better idea to cool down their market. They should have implement something like here in SG where HDB is only for locals to purchase at a low price and privates are meant for everyone but implement ABSD or something equivalent
To live in JB, no need to buy property mah. Why not rent ?
Maybe would have rental market for Singaporean retirees....rent out HDB for $2500 and rent a terrace in JB for $1000. Still have RM3500 monthly living expenses.
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