... shocked with the annoucement and I would anticipate panic sales prior to 1st Jan 2014.
a) RPGT rate is increased for the properties disposed within the holding period below:
0 - 3 years = 30%
< 4 years = 20%
< 5 years = 15%
... companies are taxed still at 5% after 5 years
b) Minimum price of property (for foreigners)
Increase from 500k to 1 mil
c) No DIBS
d) No GST for property purchasing.