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MALAYSIA PROPERY Capital Gains Tax Reintroduced

Category: Real estate, Posted:29 Dec 2009 | 06:00 am

Property developers are up in arms back of the 5% capital gains tax for property to be reintroduced in 2010. The controversial tax was repealed in April 2007 back of measures to stimulate the economy.
Back of a large outcry from the private sector the new tax will only be applied to property investments made within 5 years from purchase to address speculation concerns.
Real estate in Malaysia has been gaining in popularity with overseas investors especially from Singapore and Hong Kong as bank debt is available and attractive rental yields in CBD markets such as Kuala Lumpur.

Other News

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Sandbox Vaccine. Young Turks. Hotel PR Tips

Category: Tourism, Posted:10 May 2021 | 06:00 am Hey Monday. Late last week word was that the Phuket Sandbox remains on course, despite the current outbreak. Time will of course tell, as island hotels are reeling in what is nearly a travel lockdown to Phuket. With hotel occupancies in single digits and restaurants unable to serve alcohol, business levels are hitting pandemic lows. […]
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Who’s Caesar And Phuket’s Fastest Growing Hotel Group

Category: Tourism, Posted:04 May 2021 | 06:00 am Welcome to the latest Thai Road Trip episodes from C9 Hotelworks and Delivering Asia Communications. Listen to the Executive Director of Jee Teng Hospitality talk shop and what’s next. We also get out the kitchen and into the dining room handcrafted tableside food service. Check these two now – Inside Story. A Phuket Hotel Group […]
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Sandstorm In the Sandbox

Category: Tourism, Posted:03 May 2021 | 09:39 am All eyes this week locally are on the fate of the Phuket Sandbox which remains a work in progress. The second round of local vaccinations were planned to start this week but given Thailand’s third wave it’s unclear whether the process can move on the expected timeline due to vaccinations being deployed elsewhere in needed […]