Property Market to Lead the Way under New Budget
BY GAVIN TEE
The public has been heavily speculating on the upcoming Budget Talks, as concerns were focused on whether the government would adopt an aggressive approach to sustain and save the Malaysian economy after the downturn. According to Gavin Tee, a Real Estate Investment Consultant & Managing Director of Arborland & Co (Real Estate Agency), the general public should not be expect too much and neither too many surprises in the government policy compared with recent years.
“I believe that a surprising and aggressive stance by the government would not come around this time. This is because the government has already injected mini budget allocations for the past year.”
“However, one positive view is that this would be our new Prime Minister Dato Seri Najib’s first involvement in the financial budget. I believe in his determination to reform the nation’s economic condition,” he added.
He explained that the new PM is very well versed in the trends of globalization and cross border investments.
“Dato Seri Najib is well aware that these transactions are crucial and must be his first priority. Hence, he will be eager to make policy changes to meet the world standards.”
According to Gavin, the government’s focus may be on several areas. “The key area should be on the construction sectors involved in infrastructure and real estate development. However, I hope to see such mega projects develop according to the main economic principles and ensure the effectiveness of the project. In the past, failures do occur because of favoritism.”
He also commented that the property sector could be a boost towards the economy. “If you look at geographic statistics, Asia’s economic growth is led by the property and real estate market, especially China and Singapore. I believe that the Malaysian Real Estate market can easily be the leader for recovery as our market has yet to be aggressively involved in the cross border and international property ring.” He also added that the Malaysian property price is still one of the lowest in the region, hence there is a great potential for the sector to grow.
When asked for suggestions in reviving the economy, Gavin said “We should look into the government assets, whereby there are ‘white elephants’ or abandoned projects and under utilized government buildings. The government could increase income by privatizing or leasing such properties by offering the incentive to the private sectors in the budget. These sectors would then have the initiative to contribute in offsetting the deficit.”
“The government should not impose higher taxes, but to increase their spending and create an active economy in order to generate more revenue. For example, there were remarks on resuming Real Property Gains Tax (RPGT). Gavin thinks the government should not reintroduce it as it will heavily slow down the property transactions and affect the stamp duty revenue. The loss of stamp duty could be higher than the collection of RPGT. Furthermore, imposing RPGT will have a negative impact to the real estate market. The decrease in property prices will seriously yet again lower down the collection of stamp duty.”
In addition, Gavin proposed to waive the stamp duty for properties valued at RM300,000 and below, particularly in the city centre as a medium-low cost property in the city costs around that amount.
“Lastly, we should promote the tourism sector or more specifically into the tourism related properties. Malaysia is rich with resources to promote and attract international players. The government must emphasize on promoting this sector by developing resorts, tourism and hospitality related properties. This will lead ultimately to less dependence on the exports and manufacturing industries, which are more competitive in the world market.”
“We hope the government would indeed stress a key emphasis and inject a much needed stimulus to these proposed areas.”
倒林还不到几年，就成功的倒黄，再设计蔡细历让他丑闻缠身，达到了倒蔡- 原本是马华每日之星的准总会长接班人，蔡倒完了之后，演变成倒翁，倒翁的目的原本也达到了，但操之过急演变成倒廖，再挖下去，不但总会长被倒，总团长也被喊倒，妇女组主席明天可能也被倒。
多数银行经理据悉原本应该在今天接到总部的指示，全国银行接着马华大团结方案，来个大团结，统一房贷利率，更为了避免自我竞争而同意“禁止”提供奖掖配套，但到了四点正还是“不闻”Order 下。
房地产投资顾问兼讲师郑水兴认为，政府现在应该实行的是刺激房地产市场的奖掖，而不是针对凄风苦雨的房地产市场再喝头一棒，强制收税，让房地产市场应声倒下。
然而，如果政府推行有关的5%固定政策，一位在吉隆坡买了30年房子的业主若现在或将来要售卖其房子，就得缴交一笔『庞大』的盈利税。
首相于上星期五在2010年财政预算案宣布，從2010年1月1日起，房地产销售將被徵收固定利率為5%的產業盈利稅，然而房地产投资顾问郑水兴却认为，根据财政部的网站了解，有关5%固定抽税法是错误的。
首相昨天在2010年财政预算案宣布，從2010年1月1日起，房地产销售將被徵收固定利率為5%的產業盈利稅，房地产投资顾问兼讲师郑水兴却认为 此举是在经济困难的时候增加政府的收入却不会影响房地产投资市场的一个两全其美的预算案。
今天（星期五）下午330pm 到 下午 630pm， 小弟与几位嘉宾将在8TV与各位分享评论『2010年财政预算案』，欢迎各位守住 ASTRO 708 或 8TV , 可来电分享您的看法。
副首相慕尤丁说：
翁诗杰在众叛亲离下，在10月15日的中委会遭受自己的亲信围攻『逼宫』，抛出一句耐人寻味的话 ：『你们不要逼我说出真相！』顿时中委会鸦雀无声。
翁诗杰这几天来很伤心，并不是因为被逼宫，而是因为同伴背叛了他，姑且放下是否有人出卖了他，你认为他心中的“背后刺他一刀”的是谁呢？
翁诗杰昨晚来到我梦中，可能是临睡前写了一篇有关翁总的感叹文章，而将之也带进梦中。
还记得翁诗杰刚升上了部长一职后，我在麻坡的一场宴会碰到他，我在半途到楼下打电话，想不到他也在那时候离席碰到了我，但他竟然好像不认识我似的匆匆走过，十多位麻坡家乡的马华同志看到我跑过来热情的问好，搭肩握手，但看到翁诗杰“直直“走过，匆忙的跟我讲声读不起，紧张的追了上去。
我感激他为我推介我的新书，出席我很多的会议，帮我的社团解决了很多问题，那段日子多么值得回味，但自从他上了部长一职，我就没有联络他了，他也从来没有接过我的电话。
中委会当天，我与陈清凉等搭同一个升降机，只听到她很生气的在骂 ：那些人都不外是为了自己的利益。我当时还以为他在骂蔡细历的支持者。
但这个事实还是必须探讨与面对，中委会不顾党章与中央代表的意愿而私自委任署理已经造成两个署理总会长的“党章危机”了。
但即使蔡细历为了“大局”着想而暂时不“争”，这个署理位置也只能说是暂时悬空，他还是署理。
无论如何，由会长理事会与中委会做出的纪律行动，是一个集体决定。因此，所有责任不再于我一个人身上，而是应该集体负责。
中午时分赶到马华大厦参加文化协会的会议，被马华大厦前的情景吓坏了，从很远的地方看到数百个人拉着布条，把马华大厦重重包围着，糟糕，怎么样走进这栋大楼呢？
转载自《独立新闻》
一半的中央代表否定了翁诗杰的领导，另一半的中央代表不接受蔡细历的领导，除了那几位，几乎所有的中央代表都不欢迎第三股势力的入侵。
早上收到由廖中莱寄来到一则短讯写着：『吾等30名中委及会长理事会与翁总共进退，廖中莱，无需重选。』
马华风水特大101010开盘，一切尘埃落定，我们，党员与华社，除了只为了自己的权势，或要马华垮台的“人马”，都希望马华能重振其为国家与华社服务，奋斗的精神，都希望马华能够解决面对的困境。
马华特大的震撼举国关注，但更重要的是马华今后何去何从，是否真的置之死地而后生，还是前途茫茫陷困境。翁诗杰应该辞职？他的政治生涯就此罢了吗？蔡细历可否再当署理，还是心灰意冷说拜拜？谁来领导马华，基层真的就此罢了？
我在上个星期原本想撰文下笔分析蕹菜的战情，但碍于“太忙”两个字一拖再拖，希望不会拖到10月10日10点正，但当时我还是打了个电话给蔡细历作个简短的电话“谈话”，到底蔡细历还是给我们这班博客面子，百忙之中谈了一会。
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