Goods & Services Tax (GST) and the Property Investor

In the Budget 2014, Prime Minister Datuk Seri Najib Razak announced the introduction of the Goods and Services Tax (GST) and when enacted, GST will be effective from 1 April 2015 and standard rated supplies will be subject to GST at a rate of 6%. With the introduction of GST, the current indirect taxation systems of sales tax and service tax will be abolished on the same date. What is GST? GST which is also known as the ‘value added tax’ (VAT) in many countries, is a multi-stage consumption ta...
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What drives up property prices? Will it still go higher?

This is the question that has been playing in our mind these past few months. How could the average income earner afford a home nowadays? Let alone investing in and growing their hard earned cash through real estate. And if we do buy now, will the price trend higher? I did some reading and summarize some of the factors that cause property price to increase. These same factors will also answer the second part of the questions, will the price go higher? Scarcity of Land Penang, being an is...
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