Finance Ministry: Houses up to 10% cheaper with SST exemption

KUALA LUMPUR: Hopeful homeowners can now rejoice as the cost of new homes are expected to fall between five and 10% following the Sales and Services tax (SST) exemption on construction services and building materials.

"We placed the exemption because we want to boost the real estate sector. We hope to see a fall in new house prices," Finance Minister Lim Guan Eng (pic) said to reporters at Parliament on Tuesday (Oct 30).