Buy properties before SST is implemented to save big: Rehda

IPOH: House buyers are advised to buy properties before the government implements the Sales and Services Tax (SST) to replace the Goods and Services Tax (GST).
"This is the right time for the public to make their bookings and sign the agreements. They can save between five to 10% on the purchases which are relatively a big sum," Real Estate and Housing Developers' Association (Rehda) Perak branch chairman Tony Khoo told a press conference to announce the Malaysia Property Expo (Mapex) organised by Rehda Perak here today.
"As it is zero-rated GST, buyers should take advantage of this to buy their properties. Savings include legal and stamp fees," he added.
On the expo, Khoo said: "A total of 42 booths with an expected Gross Development Value of RM4 billion will be on showcase for the public to make their choices.
"So far a total of 32 booths have been taken up, including exhibitors from Penang, Selangor and Johor.
"The expo is expected to attract 30,000 visitors which will also include banking, tourism and other related industries.
"Developers will also promote Bumiputra properties with special offers and packages," he added.
Mapex will be held at Ipoh Parade from Aug 3 to 5. Last year, a total of 30,000 people visited the expo and recorded sales of RM20 million.