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What would you think of the 2% increase on stamp duty from January 2017?

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Oh. This applies to commercial and/or residential units only? value above a certain amount right?

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If not mistaken, its applies to all kind of properties. The calculations are like these; Present charges are 1st RM100k for 1%, following with RM400k for 2% and 3% for the rest of amount. New charges from January 2017 are from 3% to 5%, which means properties below RM500k would not have any changes. Anyway, everything has to be confirmed by federal government on next moth. 

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S&P and Loan Stamp Duty both increase or?

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According my solicitors, its only applies to SPA.

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Malaysian government really "hungry" for income from all sort of taxes nowadays.

Will this measure able to curb property speculation in the short term?

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