Budget 2014 ~ Any good news for Property?

So fast another year gone....[Previous post for 2013]

Real Property Gains Tax (RPGT) for Citizens

• properties disposed within 3 yrs ~ RPGT raised to 30% from previously within 2 yrs @ 15%
• disposed up to 4th yrs ~ RPGT raised to 20% from previously within 2 to 5 years @ 10%
• disposed up to 5th yrs ~ RPGT raised to 15% from previously within 2 to 5 years @ 10%
• after 5 years RPGT not applicable (except for companies @ 5%)

Real Property Gains Tax (RPGT) for Non-Citizens

• properties disposed within 5 yrs ~ RPGT @ 30%
• after 5 years RPGT @ 5%

Good for Investor?

To me, definitely not. You are taking more risk now to invest in properties. What risk?

1. High property price (some ppl might disagree with this) 
2. You might need to hold the property longer before able to cash in for profit
3. Higher RPGT (increased 100% for first 2 yrs; increased 300% for 2 to 4 yrs; increased 200% for 4 to 5 yrs). Increase further in 2015??
4. Higher BLR in future?
5. Reduce further for the housing loan ratio in future for 2nd, 3rd or subsequent property?
6. Less foreigners to invest in Malaysia ~ minimum purchase price for foreigners increased from RM500k to RM1million

As mentioned in my previous post {Click Here} I don't believe Malaysia will STOP creating more rules and regulations to harm the property market ..... we have seen this happened in 2013.... now more to come in 2014.....

Previous statement "More rules & regulations to come after election?" My believe came true again...

Beware & all these will only change to favour Investor when property market crashed.

Heard about Goods and Services Tax (GST) before? This is another thing to keep an eye on it. It will be implemented at 6% from 1 April 2015. Currently it advised that Sale, purchase and rental of residential properties as well as selected financial services are exempted from GST ~ but who knows this might change in Budget 2016?

By the way, it doesn't means that one shouldn't buy now, you just need to take more into account during this period eg. monthly repayment, rental market, how secure is your job/income, better than paying rent to owner etc.  

Good luck with your investment!!! ^_*