Vacancy Tax, Is That a Solution to Property Oversupply?
Sarkunan Subramaniam, Managing Director
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Housing and Local Government Ministry is formulating a tax that could be imposed on developers who fail to sell their properties in an effort to reduce overhang of residential units in the country. The rationale of this is so that developers become more sensible with their projects and not flood the market with particularly high-rise developments. We speak to Sarkunan Subramaniam, Managing Director, Knight Frank Malaysia whether this potential law will achieve its objective.
Produced by: Sim Wie Boon
Presented by: Khoo Hsu Chuang, Wong Shou Ning
This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.
Categories: Politics, Law and Legal Matters, Property, Business Analysis, Trends and Forecasts, Markets, Investments
Tags: vacancy tax, property, tax, development, oversupply, malaysia, zuraida kamaruddin,