Bullish Malaysia Property Market for the Next Two Years
Posted September 18, 2007 
Comments(3) The party for the Malaysia property market is expected to go on for the next two years, according to the president of the Malaysian Institute of Estate Agents (MIEA), K. Soma Sundram.
The measures introduced by the Malaysian government in the recent Budget 2008 will boost the property sector, attract foreign investors and to help the lower income to own their own home.
The measures are:
1. Reduction of stamp duty by 50 per cent for houses worth below RM 250,000.
2. Home owners can withdraw funds from their Employees Provident Fund (EPF) to pay for their monthly home loan.
Previously, the Malaysian government also abolished the Real Property Gains Tax (RPGT) to encourage more foreign investors to invest in properties in Malaysia. Read more »
