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MCT Sees 1.3 Per Cent Impact From GST On Property Development

KUALA LUMPUR, April 6 (Bernama) -- Newly-listed Integrated property developer MCT Bhd sees itself incurring a lower construction cost of 1.3 per cent from the Goods and Services Tax (GST).

This is in contrast to the 2.6 per cent post-GST impact estimated by the Real Estate and Housing Developers' Association Malaysia (Rehda).

Rehda made this observation after taking into consideration the construction cost, which constitutes 46 per cent of the total development.....