Housing and Local Government Ministry is formulating a tax that could be imposed on developers who fail to sell their properties in an effort to reduce overhang of residential units in the country. The rationale of this is so that developers become more sensible with their projects and not flood the market with particularly high-rise developments. We speak to Sarkunan Subramaniam, Managing Director, Knight Frank Malaysia whether this potential law will achieve its objective.

<p>Housing and Local Government Ministry is formulating a tax that could be imposed on developers who fail to sell their properties in an effort to reduce overhang of residential units in the country. The rationale of this is so that developers become more sensible with their projects and not flood the market with particularly high-rise developments. We speak to Sarkunan Subramaniam, Managing Director, Knight Frank Malaysia whether this potential law will achieve its objective.</p>

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

<p>Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.</p>

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