KUALA LUMPUR: Hopeful homeowners can now rejoice as the cost of new homes are expected to fall between five and 10% following the Sales and Services tax (SST) exemption on construction services and building materials.
"We placed the exemption because we want to boost the real estate sector. We hope to see a fall in new house prices," Finance Minister Lim Guan Eng (pic) said to reporters at Parliament on Tuesday (Oct 30).
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!