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KUCHING: Property developers face a mixed outlook this year with the introduction of the Goods and Services Tax (GST) as well as the weak ringgit and drop in fuel prices.
Sarawak Housing and Real Estate Developers Association (Sheda) secretary-general Sim Kiang Chiok said property development costs were estimated to rise by 2% to 3% when the Sales and Service Tax (SST) is replaced by GST.
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