Zuraida: Introduction of vacancy tax to reduce property overhang

Zuraida: Introduction of vacancy tax to reduce property overhang

The Malaysian Reserve-Property·2020-08-19 09:30

Once the tax is approved by Cabinet, KPKT will look at implementation as early as next year

THE Housing and Local Government Ministry (KPKT) is formulating a tax that could be imposed on developers who fail to sell their properties, in an effort to reduce the huge overhang of residential units in the country.

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