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Iskandar developers seen taking a big hit

Heftier taxes, scrapping of easy financing will deter buyers, says RHB Research
Thursday, November 28, 2013 - 06:00

DEVELOPERS with substantial exposure to the Iskandar Malaysia region are expected to be the "worst hit" by recent property measures, as heftier taxes would deter short-term foreign purchasers who also account for a significant portion of residential sales in some areas, a research house has said