Second property owners will indeed have to sell at a higher price but then the second property is used for rental anyway, so just wait while someone else help you pay part of your instalment monthly.
Yes, taxes, legal fees , valuation fees etc.
The reason I left out the 3% stamp duty etc is that these are common basis, all buyers faced. I was trying to bring across the point that buyer should include their 12% or 15% whatever it is in their consideration of purchasing price. It is no longer the ‘selling price’ or what first time buyers pay. Second time buyers face a different ‘purchase price’ which should be used for investment calculations.
The 12 % absd is to let buyers know that since they are buying for investment, can they not find a better form of investment (considering the hefty tax) other than property? If really cannot, then pay Agong, they like your money.