Rehda: GST will push up home prices by 2.6%

Real Estate and Housing Developers' Association of Malaysia (Rehda) says the GST is likely to raise property prices.

PETALING JAYA: Home prices will rise by about 2.6% once the goods and services tax (GST) comes into play, said the Real Estate and Housing Developers’ Association Malaysia (Rehda).

The chairman of the association’s task force on accounting and taxation, Datuk Ng Seing Liong, said that the calculation was based on its consultations with industry experts and member developers.