News about GST

PETALING JAYA (May 14): Property consultancy Savills Malaysia expects housing prices to firm up in 2019, with real estate developers only able to increase supply by early 2020, following renewed confidence in the market from the new government’s promise of clean and fair governance.

KUALA LUMPUR (April 20): Various tax reliefs have been commonly accorded to mega public infrastructure developments as a government incentive since the 1980s, the Royal Malaysian Customs Department asserted yesterday, following the brouhaha over the granting of goods and services tax (GST) relief for the procurement of materials and services related to the RM55 billion East Coast Rail Link (ECRL) project.

KUALA LUMPUR (April 17): The Royal Malaysian Customs Department confirmed granting China Communications Construction Sdn Bhd goods and services tax (GST) relief under Malaysia's East Coast Rail Link (ECRL) project.

  PETALING JAYA (Dec 28): The Selangor government has rebutted claims that high property taxes in the state have driven up the cost of living after the opposition took charge following the general elections in 2008.

KUALA LUMPUR (Nov 22): Builder-cum-property developer Seal Incorporated Bhd is monetising 28 pieces of land in Penang to raise RM27 million for the group's working capital.

KUALA LUMPUR (Oct 27): CBRE | WTW viewed the government’s move of not reintroducing the developer interest bearing scheme (DIBS) and maintaining the current real property gains tax (RPGT) rate in Budget 2018 as positive.

SETIA ALAM (March 3): The number of fraud cases related to illegal real estate brokers reported last year has decreased last year from the previous year.

Continues from: On Budget 2017 Only if there are economies of scale Master Builders Association Malaysia president Foo Chek Lee: Prices of building materials must be stable because it will directly impact the construction cost and eventually affect property prices.

MENTION Taman U-Thant in Ampang, Kuala Lumpur and images of posh mid-rise condominiums and the numerous foreign embassies located there will immediately pop up in our minds.

KUALA LUMPUR (Oct 21): Real estate consultants are worried that the increase in stamp duty for real estate transactions priced above RM1 million from 3% to 4% starting January 2018 will have a  negative impact on the property market.