GEORGE TOWN: The expected drop of up to 10% in Penang’s housing prices will not include low-cost and low medium-cost houses that are being built at a loss.
State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the prices for low-cost and low medium-cost units would remain at RM42,000 and RM72,500 respectively even though the Sales and Service Tax (SST) had been exempted for major construction materials.
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