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New Year’s Resolutions for 2020 [ December 30th, 2019 ] Posted in » imDavidLee Life, News & Announcement

There are resolutions you hear every year, usually those resolutions involve something along the lines of saving money or getting healthier. Anything you make is going to boil down to the same thing – Better yourself.

Don’t be like this when you’re making your new year resolution
My goal in 2019 is to achieve the goals I set in 2018 that I should have completed in 2017 as I made a promise in 2016 that I planned in 2015.

Now is a great time to identify new and existing opportunities to grow and get 2020 off to a strong start. For 2020, I have set some achievable goals for myself. Accomplishing these goals will bring myself professional joy and positive growth.

1. Make an Impressive Impact at Work

Make impressive impact at work

Being more productive often stands at the top priority list but actually finding the ways to implement it in everyday life is a different kettle of fish. However, I will try to be proactive about going after what I want and doing things without being asked. I will also make it a priority to work on my productivity by using a time diary to become more aware of how I’m spending my time now. Being more focused is also important as it can take an average of 25 minutes to resume a task after being interrupted.

My strategy focus is to:
UNDERSTAND where am I now.
IMAGINE where I could be.
CREATE my strategic move.

Dare to be different. Don’t settle for the ordinary.

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Real Property Gains Tax (RPGT) Rates Increased in Malaysia

As everybody known, the RPGT rates on gains has been raised from disposing of real properties with effect from 1 Jan 2014.


 photo property-gains-taxes.jpg

Under this new property ruling, any gains on properties sold within the period of the first 3 years, the RPGT rate is increased to 30% to individual and companies as well. Those holding within the period of 4 and 5 years, the RPGT rates were increased to 20% and 15% respectively. However, for properties sold in the 6th year or thereafter, no RPGT is imposed on any transactions happen on residential units whereas commercial ones are taxed at 5%.


 photo RPGT_rate_2014.jpg

For foreigners, the RPGT is imposed at a rate of 30% for properties sold within the holding period of 5 years, and RPGT rate is imposed at 5% for any properties sold in the 6th year and thereafter.

Illustration

Let say Mr. Lee bought a unit of condominium from a property developer on 1st March 2012 at a price of RM 265,000 and sold his property on 1st Jan 2014 at RM 350,000. So, this property is sold within 2 years from the date of purchase.

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June 23rd, 2014 | Leave a Comment | 7,168 views

General Election Pose Risk to Property Sector?

malaysia property

Although there is no property bubble, the recent hike in real property gains tax (RPGT) causes the consumer remain caution of rising housing prices. Such policy could put a pause to home purchasers who may anticipate further measures which would improve the affordability. This in turn could hurt the developers’ new sales of property.

However, any drop in demand would be temporary until the general election is over, and the general election results could bring major impact on people confidence and demand.

malaysia house prices by state

There could be stock market volatility just before and after election as was in the 2008 election, which could affect home purchaser’s decision making. There could be higher possibilities that many purchasers will stay on the sidelines for election to be over before making any purchases. Thus, this would likely hurt the property demand in the 1st half of the year.

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January 8th, 2013 | Leave a Comment | 3,426 views