BAD NEWS BAD NEWS, with 80 % loan I can not buy another properties liao. KANASAI.
The Properties & Housing Industry: BNM’s plan to cap the loan to value ratio for mortgages is likely take effect on Oct 2010. Malaysians developer are also bracing themselves for the real capital gains tax to be adjusted back to a graduated scale of 5% to 30%, with the highest tax in the first year of purchase. Currently (2010), the RPGT is fixed at 5% for the first five year and no tax after that. The expectation is that the sliding scale could be re introduced in Budget 2011 now (Sept 2010) that the recession is over. The objective of the RPGT has always been to restrain excessive speculative in property. The implementation of IFRIC 15 in Malaysia was earlier scheduled for July 2010, but has since been delayed to January 2012.
The Construction Industry: The RM36-billion mass rapid transit (MRT) is expected to drive the construction sector, once it is approved and takes off. The probability of it being approved is high. The MRT project also ties in with another anchor market theme – government land sales. The 10th Malaysia Plan (10MP) tabled in June 2010 has at least set the foundation for the rollout of key projects. There is emphasis on upgrading the country’s transportation system with projects including seven new highways, LRT extensions, MRT and southern double tracking worth a total of RM71 billion.
The F&B Industry: Industry observers are expecting a number of F&B players to seek M&As more aggressively. In fact, the protection and expansion of market share remains the top priority for F&B companies. But aside from market share, the other driving reason for F&B companies to seek acquisitions is to secure raw materials supply in an environment of volatile commodity prices and to protect precious margins.
The Water Services Industry: Selangor Mentri Besar Tan Sri Khalid Ibrahim has given its consent for the Langat 2 water treatment plant to be built in the state, however the Selangor government said the transfer of raw water between both states should in fact be delayed until the restructuring of the water industry in Selangor was completed. PAAB is hoping to complete its planned acquisition of water assets in Selangor by the end of the year (2010). Meanwhile the bondholders of Selangor water companies met with PPAB to discuss issues relating to consolidating of water industry in the state but ended without any resolution being made.
