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The Property Market Report 2012 shows that states that are usual targets for investors such as KL, Selangor, Johor, Perak and Penang saw a decline in transactions last year. In 2012, residential properties in Penang declined 24.2% from the previous year, the biggest decline among all states. In addition, commercial and agricultural property transactions also decreased by 14.9% and 16.3% respectively. The Real Property Gains Tax (RPGT) increase of five per cent has impacted the market as it saw a...

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