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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read