PETALING JAYA (April 25): There was minimal change in transacted volumes and values in the first quarter of this year (1Q2015) as the property market readied itself for the Goods and Services Tax (GST), said Reapfield Academy Sdn Bhd group CEO and president Dr Gerald Kho (pictured) during his presentation on the topic “Post-GST – The Real Impact on Buyers” at The Edge Investment Forum on Real Estate 2015 today.
“Based on data from Reapfield Group, the property market trend since 2012 to the first quarter this year showed small difference in values and transaction volumes in the pre-GST [stages],” said Kho. He added that GST will lead to increased cost of properties and general consumption, in which the majority will be made up of household consumption.
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