True, true. There's risk in even property. I can already see people selling their property below cost right now. But if you really have so much cash to burn, I think it would be a good idea to invest in property with a long-term view. Well, at least part of your cash.
Eh, really ah??? Where did you read that? I must ask my aunt, but I don't think even she knows about that. In any case, the lawyer's fees has a 5% tax, so replacing that with a 3% GST will mean a small "discount". But if the gov slaps GST on property purchases and sales, well, that will certainly cost a lot more than the savings on the lawyer's fees.
Property GST: http://biz.thestar.com.my/news/story.asp?file=/2006/3/13/business/13547117&sec=business (Part 1) http://biz.thestar.com.my/news/story.asp?file=/2006/3/20/business/13547223&sec=business (Part 2)
Umm.. Those are still just speculations. I guess we will have to wait for final word from the gov before we know what is and what is not for sure.