THE current “tax holiday” has been a boon for property developers who are seeing an increase in sales. He said there have been more enquiries from potential buyers recently and it was expected to continue until the new sales tax kicks in. “Honestly, it remains to be seen how the sales tax will impact the property market but I think there will be some increase in cost. “When the sales tax comes in, suppliers may charge a different price, depending on the amount of tax. “We can also cut down on unsold property units,” he said.

Source: The Star June 01, 2018 03:00 UTC