The waiver of the real property gains tax in Malaysia has resulted in more secondary market transactions, reports The Malaysian Reserve (18 January 2021). According to data from Juwai IQI, Asia’s largest proptech group, sub-sale activity in the secondary property market recorded a 65% growth to 2,410 units in 2020. Juwai IQI group co-founder and CEO Kashif Ansari said: “The gains tax exemption also benefits investors. While it may not directly put money in the pocket of investors purchasing today, it reassures them about investing in the property market and the possibility of making gains. The exemption suggests to investors that they will keep more of their earnings rather than pay taxes upon sale.”