GST will not affect PR1MA house prices - Shahidan
Bernama
March 25, 2015 16:17 MYT
March 25, 2015 16:17 MYT
SHAHIDAN: There is no reason to raise the PR1MA house prices, especially as the building materials and construction cost are not included in the price hike list. - File pic
The government has given its assurance that the soon to be implemented Goods and Services Tax (GST) on April 1 will not affect the prices of houses under the 1Malaysia People's Housing (PR1MA).
Minister in the Prime Minister's Department Datuk Seri Shahidan Kassim said the 20 per cent discount from the market prices would continue to be implemented.
"There is no reason to raise the PR1MA house prices, especially as the building materials and construction cost are not included in the price hike list," he said when replying to a supplementary question by Mohd Fasiah Mohd Fakeh (BN-Sabak Bernam) who wanted to know whether the implementation of GST would increase the PR1MA house prices in Parliament today.
Earlier Shahidan said to date PR1MA Corporation Malaysia had approved 95 projects involving 119,933 housing units nationwide to be developed.
"The number of units and the development of these projects are constantly changing and increasing from time to time based on the frequency of PR1MA Corporation members' meeting," he said.