That is Sales and Service Tax (SST) @ 6%. that is introduced in Year 1972.

Sales and Service Tax (SST) @ 6% is only imposed on certain services and industrial sectors e.g.hotels accomodation charges, professional charges (lawyer fee, audit fee and etc), telecommuincation service charges and etc.

However, the income from SST are not enough to cover some unnecessary spending (e.g. corruption , white elephant projects, etc)  by the gov't. Thus, BN gov't suggested to introduce GST (Goods and Servive tax) to replace SST (Sales and Service tax).

The major difference between GST and SST is that GST is a tax that imposed on almost every sector of the public and thus all the people are affected regardless of whether you are poor or not. Whereas SST generally tends to tax on rich people. e.g. You have your lunch at hotel, then they charge you 6% SST. If you go to kopitam, then no SST charges on your lunch.

Hope this explanation clear your doubt. Google yourself for more details between Sales and Services tax 1972 and Goods and Service Tax (GST)

are we a growing nation or shrinking nation in terms of population?
do some research on the term growth population to understand better.

then do some research in terms of the supply.
the data available for supply, does it include:
1. soho?
2. sohai, soxo, sofo, sovo, etc?

previous supply sizes versus current supply sizes and its capacity to undertake the number of occupants.

we need to learn how to interpret reports and unfortunately many reports lacks key explanations on their databases.

1,000,000 units over 5 years.
200,000 units per year
545 units to be launched everyday to fulfill quota.
dream on....

That is one way ticket - up for BN. Rich will be getting richer. Poor will be struggling. Good luck for our future.

Or join the rich! 

Since MCA and Gelakan now dead - I think for you no hope la Tat.

Unless you convert and become bin Abdullah - then can join UMNO.

Population will increase and demand will increase, but demand increasing doesn't mean transactions also increase.... So many cases of people's loans being turned down supports this... so demand demand demand but not financial means to buy also no point... correction will need to happen in all categories of housing to meet the different income levels together with available supply and demand... then the market and prices is healthy. Approval rates consistently falling, so see how demand, with financial ability can convert to realisation.

Noticed a few 40 year loans too, especially from the younger group and not individuals but brothers and sisters joining... however, that will be their only purchase until maybe 10 years down the line or when they dispose of it and look for others... That just shows how saturated the local market is now... where the demand is coming from moving forward? not sure, foreign investment, doubt so... with all the negative media coverage on fraud and corruption, funds would likely leave to economies that are more certain in terms of policies.

Anyway see how it goes, chill, relax, in no rush...

After election, any hope for ddd camp to buy cheap property other thn 999,999 units of affordable home, if you choose to believe this manifesto janji dicapati? with soon to be implemented GST, soon to be increased petrol price, built thn sell home, ever increasing cost of living, etc, any more hope for price to come down? appreciate one can keep posting more housing and economic data to give some hope. dont ask more fr gomen, apa mau lagi. lain kali lah.

Aiyah...don't be so pessimisticlah joe...

Like it or not, UMNO still needs the chinese to make the malaysian economic wheel turn.

They still need someone that can actually do the work here....

And they also still need the chinese votes next round if they ever want to see their precious 2/3rds again.

So I believe you can still join the rich provided you know the right lobang....

Chinese all migrate to Sg, Aus, US and NZ.

Bye bye to Marehsia, leave the bumi to be robbed blind by UMNO until they wakeup.

Chinese all migrate to Sg, Aus, US and NZ.

Bye bye to Marehsia, leave the bumi to be robbed blind by UMNO until they wakeup.

If migrate is so easy then long long time already migrate lor.

Since MCA and Gelakan now dead - I think for you no hope la Tat.

Unless you convert and become bin Abdullah - then can join UMNO.

Chinese all migrate to Sg, Aus, US and NZ.

Bye bye to Marehsia, leave the bumi to be robbed blind by UMNO until they wakeup.