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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 The controversial tax was repealed in April 2007 back of measures to stimulate the economy.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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Green Shoots For Phuket Hotels

Category: Hotels, Posted:31 Oct 2020 | 06:00 am Thailand’s largest resort island Phuket was center stage for a large-scale island-wide clean-up last Wednesday 21st October. Led by the 78-hotel strong Phuket Hotel Association over 2,000 hoteliers and community volunteers took to the beaches and streets in 14 strategic locations. A single day tally of over 6 Tonnes, (6,000 kilos) of mostly plastic trash […]
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Special Virtual Event For Hotel Owners and Operators

Category: Hotels, Posted:30 Oct 2020 | 12:11 pm Join Delivering Asia Communications and C9 Hotelworks in a unique one-hour live MasterClass event on hotel asset management. The event is titled “MasterClass – Hotel Asset Management, A Virtual Learning Event on How to Add Value in the Covid-19 Downturn”. The live webinar will be held on Wednesday 18th November, 2:00 pm Bangkok | 3:00 pm […]
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Hotel White Label, Third Party Operator and Franchise Event

Category: Hotels, Posted:27 Oct 2020 | 08:55 am C9 Hotelworks and Delivering Asia Communications have organized a highly-relevant virtual event called “White Label Session – The Sequel, Insights into Hospitality Third-Party Operators and New Options for Hotel Owners”. The live webinar will be held on   Wednesday 4th November, 2:00 pm Bangkok Time | 3:00 pm Singapore/Hong Kong. Free registration is available HERE. A hospitality-focused virtual […]