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KUALA LUMPUR: The widely debated vacancy tax on unsold high-end properties will probably not be imposed next year as it is still being reviewed by the Ministry of Housing and Local Government (KPKT).
Minister Zuraida Kamaruddin said the proposed tax, which was presented to the Economic Council meeting for discussion, is not an urgent matter for the ministry to resolve.
“We are reviewing it and it is not our priority currently. Let the developers manage it.
“The vacancy tax idea came about when we thought about unsold high-end properties … and it won’t be implemented in 2021, we have other mechanisms,” he said.
She spoke to reporters after releasing Cagamas SRP Bhd’s Digital Skim Rumah Pertamaku (Digital SRP) here today.
According to Zuraida, there are currently 29,000 unsold high-end units worth RM29 billion ringgit.
She said KPKT’s top priority is making home ownership easier for people.
“We want to make sure that income groups B40 and M40 can buy houses in a much easier way through banks,” he added. – Bernama
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