@boontonglau erm... if you wanna say whether the prices of the units themselves will be subjected to GST, then apparently, technically, no. Because developers are supposed to absorb the cost or something like that. But for some reason I really don't think that's gonna happen isn't it? I'm sure they'll figure out a way to shove it down our collective throats. So my opinion? Yes. Some way or another, they will give us many "beautiful" discounts, drape the entire deal in honey and present it to us on a beautiful silver platter. Example:
Hi miss! The property right, is actually RM670k for the 800 sf unit! But hor, you sign up today you get 5 + 5 % discount! And on top of that we will give you an additional 3% discount also if your S&P sign within 2 weeks! And, and, now start up pay on RM FIVE THOUSAND!! Come, come, sit. I calculate for you. You see right, GST now coming already. So... *calculate, calculate* see! Only RM582k!! You get 88k discount, and after you include your RM5k downpayment is already about 93k covered!! So the developer actually already absorb for you the GST cost already, then when you move in that time got move in rebate also! Can cover for your MOT! Then, then, SNP, legal fees, lawyer fees, bank fees.. all also covered!! Good deal right!?!
Bottom line. Yea. Sounds like a really good deal. Only RM5k to foot out to buy a property.
And you get a hell lot of discounts. You even get your MOT sort of paid for, and a semi-furnished apartment with air-cond, kitchen cabinets and fully fitted bathrooms with shower screens and branded goods. But let's not forget something really important. That RM93k discount? It's still coming out of your pocket. Because you remember that base price of 670k? The S&P is still based on the 670k. So technically, you are borrowing that amount from the bank, and you're paying for your own "discounts".
So as to whether the prices of the properties are being subjected to GST? The official word is no. But the gomen can take that and shove it up their collective @55es because the day the costs don't get transferred to us is the day the sun shines in hell.