Malaysia to scrap RPGT effective 1 April '07

There will be no more Real Property Gain Tax on property transactions in Malaysia with effect from 1 April 2007. This move will bring more liquidity into the market and further improve the national property sector which is currently believed to be stagnating and considered undervalued compared to other countries in the region, especially Singapore.

Source: The Star

I bet the property market will be very busy like the stock market :) Property prices will go up and the property speculator / manipulator will be happy!