KUALA LUMPUR: Construction costs of residential properties are expected to be reduced by 3% to 5% due to the Sales and Service Tax (SST) exemption on basic construction materials, said Construction Industry Development Board (CIDB) chief executive Datuk Ahmad Asri Abdul Hamid.
"We have done an overall study, and we believe if all parties follow the tax exemption, the construction costs of residential properties are expected to go down by 3% to 5%," he said in a press conference related to the Malaysian Construction Industry Excellence Awards 2018 on Friday (Sept 28).
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