Abdul Karim (centre) at the awareness seminar hosted by the ministry and Sheda. |
MIRI: The state government will continue to monitor and look for ways to minimise the impact of the Goods and Services Tax (GST) on the housing sector.
Assistant Minister of Housing Datuk Abdul Karim Rahman Hamzah said among the things under scrutiny by the government would be capital contribution and imposed levy.
“The government will look into the mentioned matters so as to set prices down by improving all the mechanisms involved in housing purchases,” he said at the launch of a seminar conducted by the ministry and Sarawak Housing and Real Estate Developers Association (Sheda) here yesterday, which was attended by some 100 participants.
Abdul Karim said although some building materials would cost more under GST, housing developers must not unnecessarily increase property prices.
“House prices in Sarawak, especially in major towns, are already deemed to be unaffordable, particularly by those from the lower income group.
“Therefore, housing players should not take advantage of GST by profiteering from it.”
He further said although GST might lead to a certain increase in house prices, no one could predict how much it would be until the implementation of GST got into full swing.