News about sale

PETALING JAYA (Sept 20): Sentosa Cove – Singapore's luxury waterfront enclave which recently appeared in the box-office hit 'Crazy Rich Asians' – was dealt another blow by higher stamp duty on foreign purchasers, further hurting the prospects of its already slow-moving real estate market, reported Bloomberg.

KUALA LUMPUR (Sept 18): Consumer spending — which accelerated during the tax holiday period from June to September that saw a mad rush for automotive purchases — is expected to decline from the fourth quarter (4Q18) onwards following the implementation of the sales and service tax (SST) on Sept 1, say economists.

KUALA LUMPUR (Sept 12): Seventy-five per cent of shops and restaurants are not subject to the new tax system that replaced the goods and services tax (GST), following the increase of annual turnover threshold for the sales and services tax (SST) to RM1.

KUALA LUMPUR (Aug 27): Property developer Thriven Global Bhd, formerly known as Mulpha Land Bhd, is targeting an exponential growth in its top and bottom lines supported by unbilled sales of over RM460 million as well as new sales.

PETALING JAYA (Aug 24): The reintroduction of the Sales and Services Tax (SST), slated in September, is unlikely to reduce house prices despite cost savings of at least 1% to 2% for property developers, said Paramount Corp Bhd group CEO and director Jeffrey Chew.

KUALA LUMPUR (August 23): They may be the reintroduction of previously imposed single-tier taxes, but the new sales tax and service tax — collectively referred to as “SST 2.

PUTRAJAYA (Aug 17): The recent announcement of the Sales and Service Tax (SST) exemption for major building materials and construction services might not have significant impact on property prices, especially for residential property, according to the Real Estate and Housing Developers’ Association (Rehda).

PETALING JAYA (Aug 14): The Sales and Services Tax (SST) which will take effect next month will not be applied to building materials – namely bricks, cement and sand – and construction services, a move that Finance Minister Lim Guan Eng said will hopefully address property affordability issues hindering home ownership in Malaysia.

PETALING JAYA (Aug 12): Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September.

KUALA LUMPUR (July 31): The Federal government tabled the Sales Tax Bill 2018 and Services Tax Bill 2018 (SST Bills) for their first reading in the Dewan Rakyat today.