Real Estate and Housing Developers’ Association Malaysia (REHDA) has called for measures to be introduced to ease affordable housing purchase.
According to its chairman, Datuk Anthony Adam Cho, REDHA proposed that houses below RM500,000 as well as major building components like cement and bricks to be zero-rated under the Goods and Services Tax (GST).
“The government should also look into reducing the rate of stamp duty for the purchase of properties to ease the burden of buyers as they will also be subjected to the GST,”, he told a press conference on the forthcoming Malaysian Property Exposition (Mapex) 2015, recently.
On Mapex, scheduled for April 3-5 at the Mid Valley Exhibition Centre here, Mapex committee chairman Datuk Ng Seing Liong said Rehda has increased the number of booths to 260 from 206 last year.
“Mapex had received encouraging response over the years with over 40,000 visitors visiting each expo. From this year onwards, Mapex will be held three times a year in the Klang Valley.
“The positive response from both developers and buyers toward properties depicts that the supply and demand is still good despite uncertainties in the market,” he added.
Farah Wahida, Editor of PropertyGuru, edited this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
