UEM Sunrise to study SST waivers impact on property prices

KUALA LUMPUR (Oct 2): UEM Sunrise Bhd is studying if it is even possible to reduce property prices thanks to exemptions on certain construction materials and services from the Sales and Service Tax (SST) on property prices as any savings may be offset by the rise of other construction costs.

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Johor Rehda: Do away with 15% bumiputra discount

JOHOR BAHRU (October 2): The Johor Real Estate and Housing Developers Association (Rehda) requests that the state government does away with the 15% discount for bumiputra properties worth RM1 mil and above, citing low take-up rates.

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JPPH proposes Housing Price and Cost Control Committee

PETALING JAYA (October 1): The Valuation and Property Services Department (JPPH) has come up with a suggestion to keep house prices in check — by establishing a Housing Price and Cost Control Committee, to monitor costs involved in housing developments.

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