Demand for homes may taper after GST implementation

KUALA LUMPUR: Property developer, UEM Sunrise Bhd, expects demand for homes to taper off after the implementation of the goods and services tax (GST) on April 1 next year, especially in the second quarter.

"We believe that in this challenging market environment, we are prepared to hold back launches if necessary. We are revisiting some of our development plans to cater to current market demand and trends," he told Bernama in an interview.