Six business groups urge govt to delay SST expansion, warn of inflation and job losses
They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".
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Residential properties under Housing Development Act exempted from SST, says minister
Residential properties sold under the Housing Development Act (HDA) will be exempted from the update sales and services tax (SST), following concerns from the construction industry over rising costs.
Niosh urges tighter safety measures at construction sites after Bangsar incident
The National Institute of Occupational Safety and Health (Niosh) has urged for improved safety measures at construction sites following the discovery of a British traveller’s body at a site in Bangsar recently.
Shopping mall operators urge deferment, staggered SST expansion amid rising cost concerns
The Malaysia Shopping Malls Association (PPK Malaysia), which represents shopping mall operators across the country, is calling for a deferment of the government's decision to expand the sales and service tax (SST) to include rental and leasing services, construction and beauty services, until after Visit Malaysia Year 2026, and to take a staggered approach to it thereafter.
Arcoris Residences, Mont’Kiara condo unit, Kuala Lumpur sold for RM1.6m | DONE DEAL
Noteworthy:
- Freehold
- Built-up size: 1,526 sq ft
- Floor level: Mid
- 3 bedrooms, 3 bathrooms
- Semi-furnished
- Nearby amenities: Sunway 163 Mall, Mont’Kiara International School, Damansara Specialist Hospital 2, Garden International School, Kuala Lumpur Golf & Country Club
- Accessibility: SPRINT-Damansara and Penchala Links, NSE, NKVE, Jalan Dutamas
When: January 2025
KL Local Plan 2040 gazetted, expert calls for authority-led urban renewal
The Kuala Lumpur Local Plan 2040 (KLLP2040) has been gazetted and comes into effect today. It will be officially launched by the Prime Minister on June 24.
Builders urge govt to delay and review expansion of SST on construction services
The Master Builders Association Malaysia (MBAM) has urged the government to reconsider the impending revision and expansion of the sales and service tax (SST) on construction services, citing concerns that the move will strain the industry’s cash flow.
Singapore, Johor regent agree to land swap at Holland Road
Tunku Mahkota Ismail will transfer 13 hectares of his land in the area, closer to the Singapore Botanic Gardens Unesco World Heritage Site, to the Singapore government.
SST expansion to have no impact on contractors in residential segment, says RHB
However, it said contractors involved in constructing commercial, industrial, and infrastructure projects will be imposed with the 6% service tax for construction services.
Analysts upbeat on M-REITs’ dividend yields amid easing rate outlook
Maybank IB said that M-REITs are projected to deliver attractive average dividend yields of 5.6% in 2025 and 6.1% in 2026.
