{"id":3214,"date":"2018-08-16T15:44:37","date_gmt":"2018-08-16T07:44:37","guid":{"rendered":"https:\/\/www.everydayonsales.com\/news\/?p=3214"},"modified":"2018-08-16T15:45:04","modified_gmt":"2018-08-16T07:45:04","slug":"who-say-sst-is-bad-house-prices-could-go-down-10-following-sst-implementation","status":"publish","type":"post","link":"https:\/\/www.everydayonsales.com\/news\/who-say-sst-is-bad-house-prices-could-go-down-10-following-sst-implementation\/","title":{"rendered":"Who Say SST is Bad? House Prices Could Go Down 10% Following SST Implementation"},"content":{"rendered":"<p>SST implementation is just around the corner and there goes our Holiday Tax period<\/p>\n<h4>But Who Say SST is Bad? House Prices Could Go Down to 10% Following SST Implementation<\/h4>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-3216\" src=\"https:\/\/www.everydayonsales.com\/news\/wp-content\/uploads\/sites\/5\/2018\/08\/house-prices.jpg\" alt=\"\" width=\"750\" height=\"422\" srcset=\"\/wp-content\/uploads\/sites\/5\/2018\/08\/house-prices.jpg 750w, \/wp-content\/uploads\/sites\/5\/2018\/08\/house-prices-300x169.jpg 300w, \/wp-content\/uploads\/sites\/5\/2018\/08\/house-prices-585x329.jpg 585w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/>Just when you think when SST comes in, all prices will increase but think again as with SST, house prices would be cheaper up to 10% following SST implementation!<\/p>\n<p>Why if you asked&#8230; This is because Finance Minister Lim Guan Eng has recently announced that construction materials such as bricks, sand, steel, and cement will be exempted from SST<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2827\" src=\"https:\/\/www.everydayonsales.com\/news\/wp-content\/uploads\/sites\/5\/2018\/07\/SST-2.jpg\" alt=\"\" width=\"1000\" height=\"666\" srcset=\"\/wp-content\/uploads\/sites\/5\/2018\/07\/SST-2.jpg 1000w, \/wp-content\/uploads\/sites\/5\/2018\/07\/SST-2-300x200.jpg 300w, \/wp-content\/uploads\/sites\/5\/2018\/07\/SST-2-768x511.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p>With that in placed, price of house are expected to drop up to 10%. He added that the developers and buyers should be able to reap some benefits from this policy as the execution of SST is more efficient compared to GST<\/p>\n<p>Further to the comments from Finance Minister, our Deputy Minister of the Ministry of Housing and Local Government also said that under the previous government\u2019s administration, the main construction materials were subjected to GST and that had play a part in contributing to the increasing prices of property.<\/p>\n<p>Based on the ministry\u2019s rough estimation, it\u2019s possible for a house price to drop between 5 per cent and 10 per cent. Deputy minister Datuk Raja Kamarul Bahrin also quoted<\/p>\n<blockquote><p>\u201cHowever, land prices is one of the factors that can strongly influence the property prices,\u201d<\/p><\/blockquote>\n<p>This is definitely one of the best news but a few netizens still remain\u00a0sceptical as property prices have\u00a0always been on the rise, and not the other way round.<\/p>\n<p>What do you think of this dropping of housing price due to SST? Do you think it will happen?Tell us what you think in the comments!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SST implementation is just around the corner and there goes our Holiday Tax period&hellip;<\/p>\n","protected":false},"author":3,"featured_media":3216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[89],"tags":[595],"class_list":["post-3214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-house-prices"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Who Say SST is Bad? House Prices Could Go Down 10% Following SST Implementation - EverydayOnSales.com News<\/title>\n<meta name=\"description\" content=\"But Who Say SST is Bad? House Prices Could Go Down to 10% Following SST Implementation. Why? 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