Category: Swhengtee News Published: Wednesday, 10 October 2012 08:00
Source by: propertyguru.com.my
Following the announcement of the 2013 Budget on 28 September (today), an annual seminar on 'Property Investment- Strategies Beyond Budget 2013' will be held to tackle the possible impact of next year's budget on the property and mortgage industry.
There could be further tightening of the Loan-To-Value (LTV) ratios to 50 percent from the current 70 percent for third properties bought. At the same time, the investors are also worried that the current real property gains tax (RPGT) that the public enjoys would revert to the maximum rate. A possible increase from the RM500,000 investment minimum to RM1 million for foreign ownership of property is also in the cards. All issues aside, the whole property market hopes for further easing of taxes and stamp duties to encourage a healthy property trade.
Gavin Tee, international consultant and founding President of Swhengtee International Real Estate Investors Club will reveal new property investment strategies post Budget 2013 at Wisma MCA, Kuala Lumpur on 30 September 2013 with three other speakers: Charles Smethurst, CEO of Dolphin GmbH (among the top five developers in Germany), seasoned property consultant Ahyat Ishak and renowned mortgage expert Michael Yeoh.
Holding the talk just two days after Budget 2013's announcement, attendees will take clear advantage of the new economic environment with an eye to new opportunities that would open up, including seizing on changes if any, to LTV ratios for residential properties.
Subsequently, the seminar organised by GM training Academy in association with PropertyGuru and Swheng Tee International Investors Club will see its Penang installment on 6 October.
The seminar will also impart new property strategies for 2013 as Malaysia's and the world economy are expected to undergo big changes. New plans and better skills will be discussed as some of the techniques investors use today may not be applicable in the next year.
Tee will render a talk on the impact of the budget announcement on real estate investment. Meanwhile, Yeoh who will delve on how the budget announcement will impact the mortgage industry.
He noted that "mortgage industry if you compare 20 years ago and today have seen tremendous change. What is applicable in the past, today and the future will be difference. We will have to keep up with the constant changes in the industry."
Also speaking at the Penang event is Charles Tan, PropertyGuru's Head of Southern Malaysia, will discuss the role of online media in property investment.