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The Effects of GST (Goods and Services Tax) on Construction Capital Costs and Housing Property Prices

Zainal, Rozlin and Teoh, Chai Teng and Yeo, See Pin (2016) The Effects of GST (Goods and Services Tax) on Construction Capital Costs and Housing Property Prices. In: ISSC 2016 : International Soft Science Conference.

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Abstract

Following the implementation of GST in Malaysia on 1 April 2015, it was predicted that construction capital costs and housing property prices will increase accordingly. Examining the GST effects associated with construction capital costs and its influences towards the housing developers and housing property prices is this study’s primary objective. This study also aims to highlight the developers’ point of view regarding how GST impacts upon them as well as the housing prices of further future proposal of initiatives. The findings are obtained by surveying the opinion of 36 housing developers and an experienced property consultant under the employment of Henry Butcher (International Asset Consultant) in Penang, Malaysia. It was concluded that building materials and land acquisition are the major construction capital costs affected by the GST implementation while capital flow turnover is the post and significant consequence that developers now face which subsequently led to an increment of housing property prices. Ultimately, the end buyers are the ones who bear the brunt of the price increment where the government plays the central role within this scenario.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Capital; Construction Costs; GST; Housing Property; Price
Subjects: T Technology > T Technology (General)
Depositing User: Mr Abdul Rahim Mat Radzuan
Date Deposited: 16 Mar 2020 06:26
Last Modified: 16 Mar 2020 06:26
URI: http://eprints.uthm.edu.my/id/eprint/12864
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