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


  • Nation
  • Tuesday, 30 Oct 2018

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).

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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 Nation

Malaysia’s consumer confidence index rises 4%, surpassing global average
Malaysia and UK reaffirm commitment to strengthen inter-parliamentary cooperation
Huawei launches tri-folding Mate XT Ultimate Design smartphone in Malaysia, pre-orders priced at RM14,999
Yayasan Sabah, Ikea extend partnership in forest restoration project
Sultan Nazrin graces opening of LHDN's Menara Hasil in Teluk Intan
Details of new electricity tariff still under review, says DPM
Two new police HQ will boost state’s border security, says Sabah top cop
City Hall proposes high-rise schools to optimise limited land
Johor Regent officiates at launch of Johor investment facilitation centre
Sarawak to request govt for more offshore gas exploration

Others Also Read