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Published: Wednesday November 4, 2009 MYT 2:50:00 PM
Updated: Wednesday November 4, 2009 MYT 4:45:27 PM

Mukhriz: Some Govt measures may be reconsidered


KUALA LUMPUR: Some measures, including the imposition of the real property gains tax (RPGT) under the 2010 Budget may be reconsidered, said Deputy Minister of International Trade and Industry, Datuk Mukhriz Tun Mahathir.

"We will keep monitoring to see if the measures have the right effect or otherwise. We will look at the feedback and if there is a need for us to do any adjustments, we will reconsider," Mukriz said.

He was asked to comment on a survey by a property website, Thinkproperty.my, that the surprise reintroduction of the RPGT seems to have affected market confidence.

Last month, the Property Outlook Index rose from 49 per cent at the start of the month to an all-time high of 68 per cent on the eve of the reimposition of the tax.

After the announcement, the index fell to 56 per cent at the month-end.

The survey sought participants' opinion on the outlook for the Malaysian property market over the next 12 months.

On a possible revision of the RPGT, Mukhriz said: "At this moment, it stays.But we will consider, when we receive the feedback, from the non-governmental organisations (NGOs) and other agencies on this matter."

Mukhriz said this when was met by reporters after officiating the seminar, "The Fundamentals of Globalisations & Liberalisation - Its Impact To The Business & Real Estate Industry", here on Wednesday. - Bernama

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