Malaysia’s property market is booming, but experts say the skyrocketing growth may taper off in 2014 as the government moves to curb speculative investment. A new law will make it so both foreign and resident investors will face steeper real property gains taxes if they choose to sell property recently acquired, with the tax percentage climbing based on how fast the property is flipped. The law also doubles the minimum price for properties available for purchase by foreigners, putting it at $314,564. Other restrictions also apply, but experts believe they will act to secure foreign and local long-term investors. For more on this continue reading the following article from Global Property Guide.
Malaysia’s booming property market is expected to slow, once new taxes in the 2014 budget take effect next year.