Imposing Vacancy Tax Will Be Interfering With Property Market Putrajaya Told


The government plans to impose vacancy tax on properties priced over RM500,000.PETALING JAYA: A real estate company has cautioned the government against imposing any vacancy tax, saying it will interfere with the property market
Commenting on an announcement that a vacancy tax is under discussion, Henry Butcher CEO Tang Chee Meng said introducing the tax would add to the burden of property developers
“Housing developers in the country are already very regulated. Introducing the vacancy tax will add to the burden and cost of undertaking a property development project,” Tang told FMT
He said should the vacancy tax be implemented, developers would be forced to reduce prices to dispose of the unsold units
Tang Chee Meng“This would be unfair to the buyers who had bought the units earlier at a higher price
“It is also not beneficial to the banks who had provided end-financing to the earlier buyers who bought at a higher price as the valuation would now come down.”Under the proposed vacancy tax, developers would be required to have a higher paid-up capital before the Advertising Permit and Developer’s Licence (APDL) can be granted
Housing and Local Government Minister Zuraida Kamaruddin told the Dewan Rakyat the proposed vacancy tax to be imposed on developers was for properties priced over RM500,000
Zuraida said there had been many vacant units in the past five to 10 years due to the property overhang and the ministry had been given the challenge of looking into the issue
Centre for Market Education CEO Carmelo Ferlito said he was especially concerned over the likelihood of infringement of property rights
“A vacancy tax is a violation of property rights. Owners of properties should be free to dispose of their goods as they please
Carmelo Ferlito“A vacancy tax would set a dangerous precedent. It suggests that the government has the authority to interfere with the disposal of property rights
“I understand the objective is to reduce overhang, but I do not think it will really achieve the intended result
“Real estate development is a long-term investment project and is the result of decisions taken over years and unfolding over even more years,” he told FMT
Ferlito said the proposed vacancy tax could discourage future initiatives out of fear of wrong investments
“I think it would be a dangerous disincentive towards future investment decisions,” he said. - FMT

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/08/imposing-vacancy-tax-will-be.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Know+t

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Vacancy Tax Will Aid In Housing Development Planning

Vacancy Tax Will Aid In Housing Development Planning

papar berkaitan - pada 26/8/2020 - jumlah : 164 hits
The proposed vacancy tax slated for next year would be seen as a positive move by the government as it inculcates planning in housing development said iProperty com my a unit under REA Group Asia REA Group Asia customer data solutions gener...
Umno S Fixation With Dap Will Be The Doom Of Malaysia

Umno S Fixation With Dap Will Be The Doom Of Malaysia

papar berkaitan - pada 24/8/2020 - jumlah : 308 hits
True goal of totalitarian propaganda is not persuasion but organisation of the polity What convinces masses are not facts and not even invented facts but only the consistency of the system of which they are presumably part Hannah Arendt The...
End Of Loan Moratorium And Property Market S Fate

End Of Loan Moratorium And Property Market S Fate

papar berkaitan - pada 24/8/2020 - jumlah : 225 hits
Experts expect a rise in non performing loans as many Malaysians face pay cuts and retrenchments The Ministry of Finance introduced a six month loan moratorium starting April 1 under which bank loan repayments were deferred until September ...
Penang Will Cooperate With Macc Probe Into Jerejak Project

Penang Will Cooperate With Macc Probe Into Jerejak Project

papar berkaitan - pada 18/8/2020 - jumlah : 226 hits
The Penang state government will cooperate with an investigation by the Malaysian Anti Corruption Commission into a proposed resort project on Pulau Jerejak off the southeastern coast Deputy Chief Minister II P Ramasamy responding tonight t...
Four Parties Joining Pn Revealed Zahid Says Umno Will Stick With Bn Logo

Four Parties Joining Pn Revealed Zahid Says Umno Will Stick With Bn Logo

papar berkaitan - pada 24/8/2020 - jumlah : 334 hits
SLIM POLLS Four of the five parties that have formally registered to join the Perikatan Nasional coalition have been revealed to be MIC STAR Bersatu and PAS Umno president Ahmad Zahid Hamidi disclosed this during an event in Slim River wher...
A Visit To Turkey Is Government Playing Chicken With Covid 19

A Visit To Turkey Is Government Playing Chicken With Covid 19

papar berkaitan - pada 19/8/2020 - jumlah : 161 hits
It was brought to light yesterday that a lawmaker and minister decided to go on an official visit to Turkey return and went straight to Parliament ignoring the Covid 19 standard operating procedure of undergoing a quarantine At a time when ...
Former Minister S Private Secretary Charged With Bribery Involving Rm3 1m

Former Minister S Private Secretary Charged With Bribery Involving Rm3 1m

papar berkaitan - pada 19/8/2020 - jumlah : 161 hits
A former Cabinet minister s senior private secretary was charged in the Kuala Lumpur Sessions Court today with 18 counts of accepting and soliciting bribes amounting to RM3 129 015 from a company owner to secure an advertising tender under ...
Yoursay Money And Politics Are Like Water With Mud

Yoursay Money And Politics Are Like Water With Mud

papar berkaitan - pada 19/8/2020 - jumlah : 162 hits
YOURSAY Interesting analogy Rais Yatim Is money the water and politics the mud or MS Money and politics are like water with mud To get clear water it must be distilled or processed first said former minister and now Bersatu senator Rais Yat...
Govt To Replace Ipcmc Bill With Slightly Different Law Next Week

Govt To Replace Ipcmc Bill With Slightly Different Law Next Week

papar berkaitan - pada 20/8/2020 - jumlah : 232 hits
The government will retract the Independent Police Complaints of Misconduct Commission Bill 2019 next week and replace it with a new law The Pakatan Harapan era bill was originally slated to be tabled in the Dewan Rakyat on Aug 26 According...
Fungi Wechat Yang Ramai Tak Tahu

Ziana Zain Duta Rasmi Csa Academy

Hospital Kuala Pilah

Saya Dan Rafizi Tiada Isu Peribadi Kata Puad

Ramadan Bazaars 2024 Exploring The Culinary Delights Of Selangor S Ramadan Bazaars

Hallway Wall Art Mockup For A Sophisticated Look

Patut Tak Boleh Daftar

Doa Agar Amalan Diiterima Allah Sepanjang Bulan Ramadan



5 Masalah Sosial Yang Akan Timbul Akibat Penggunaan Kereta Elektrik

Koleksi 15 Lagu Hari Raya Terbaru Yang Meriahkan Aidilfitri 2024 Bakal Evergreen Bak Lagu Lama

6 Pantang Larang Penting Kalau Nak Selamat di Sekolah Asrama

Info Dan Sinopsis Filem 19 Puasa Playboys Of Plastik Hitam Astro First

Casimir Zeglen Paderi Yang Mencipta Jaket Kalis Peluru


Data Analytics In Business Decisions

Lirik Lagu Berdamai Ghea Inderawani

Drama Sebiru Hujung Borneo

Iddah Bercerai Panduan Pengiraan Tempoh Iddah Untuk Wanita Bercerai

Tvet Tahfiz Mara Bidang Pengajian Syarat Kemasukan

Den Manjo Feat Eda Ezrin Adik Jando Abe Dudo Raya Chord