PETALING JAYA: MKH Bhd managing director Tan Sri Eddy Chen expects a smooth transition in terms of property pricing upon the implementation of the goods and services tax (GST) this April, as some developers are gradually pricing-in the consumption tax into their products.
“There will not be a big jump in (house) prices post-GST … there will not be a 15% jump like what some people are saying to make you buy their properties as soon as possible,” he said at the third session of the 17th Malaysia Strategic Outlook Conference 2015.