Daily Industry News Update (13 October 2021)

INDUSTRY NEWS (13 OCTOBER 2021)

“Extend RPGT, expand scope of HOC to include secondary home market”

THE Government is expected to extend the real property gain tax (RPGT) exemption under Budget 2021 (to be tabled on Oct 29) on residential properties next year, without which would mean an additional burden on families forced to sell their homes to survive.

PEPS: Govt should buy overhang units and turn them to affordable housing

The Government should consider purchasing and repurposing the overhang properties in matured areas and turn them into affordable housing to address two issues at one go, said the president of the Association of Valuers,

Landed homes remains as buyers’ top choice

LANDED homes are still the top choice of many homebuyers despite changes to their lifestyle over the past years, according to PropertyGuru DataSense MD Joe Hock Thor