Property market hots up with tax-free period

Developers are expected to offer discounts on commercial as well as residential properties.

THE current “tax holiday” has been a boon for property developers who are seeing an increase in sales.

Real Estate and Housing Developers Association (Rehda) Perak chairman Tony Khoo Boon Chuan said the transition period between the goods and services tax (GST) being reduced to 0% and the implementation of sales and service tax was driving interest in property acquisitions.