I accept GST.

It is the choice of the rakyat(49% of the popularity vote).
This is the election result.
So, majority (51% votes for PR) need to accept the minority view (49% go to BN).
Really good for the 49% citizen.

BTW, is it a real democratic country?

BN is gov't, they have lousy management. So, housing price is going to rise some more.

Recommand you: To buy

I agree that GST is going to implement within 3 years and as far as possible from the next election (GE14), to minimize political impact to the people.

Thus, I thought GST milestones are as follow:-
Year 2013, parliment second and third read, then pass through.
Year 2014, preparation for implementation, including educate the people.
Year 2015, actual implemention.

Be prepare for some inflation about 10% in the first year of implementation.
And to the property buyers, good news for those who buy b/4 implementation...

Congratulation to the 49% voters!.

This post has been edited by firee818: May 6 2013, 10:07 AM

If the gov't does not introduce GST,then Malaysia will be bankrupt in a foreseeable future having regard to RM xxx billion debt and corruption issues.

Another way is to borrow some more from EPF, PNB and foreign countries. This would let the debt hole to become bigger and bigger.

The simplest way to print more money to repay the debt. But this move will cause our currency to be devalued.

The honest rakyat will start to feel the pain now... this is our choice...

This post has been edited by firee818: May 6 2013, 10:56 AM

This is another pain to the rakyat.
Smart BN guys, this is now you turn to 'cut' the honest rakyat with your sharp knife!
Congratulation to my buddy 49% voters.

This post has been edited by firee818: May 6 2013, 11:37 AM

Nope.

The procedures are as follow:-
1). First read in parliament (done)
2). 2nd read & 3rd read, yet to be done( take around 6 months).
3). Preparation to implement GST about 6 months to one year
4). Introduction of GST. (most probably in Year 2015, earliest mid of Year 2014).

Material cost higher--> inflation-->workers demand for higher salary-->boss increase the raw materials price to offset this operation cost (material cost + salary)-->cost of building houses increase-->developer increase the housing price (although it is GST exempt supply).

This post has been edited by firee818: May 8 2013, 03:04 PM

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)

If the demand is shrinking, the developers are either stop building or build less house. If the cost cannot cover by the selling price (house), then the developers just stop building the house. Because the developers are in no position to absorb the additional cost cause by the GST (assume 4%). They are bizmen, they are doing biz.

The housing supply will reduce due to the above, however the demand is still there since every family needs a house for shelter. New generation is coming up, population is increase, demand is increase also(unless the population is going south).

Then, there is a shortage of supply of house in the market and it will push up the housing price and the cycle is going on and on.

This post has been edited by firee818: May 9 2013, 11:59 AM

Personally think that the current housing price is driven by the low interest rate.
There is an uncertainty on whether the PR's government will increase the interest rate or not (same to BN gov't).

Current Malaysia housing interest rate =BLR-X.xx%

Personally think that the gov't might remove the -X.xx% and back to BLR+0% or BLR+X.xx% if US economy recovers in Year 2015 (assumption only)


BN gov't is weak since it got only 49% popularity vote.

1) PR does't accept the election result--> can't do much even if you sue to the court.
2) Blame Na->Moo replace Na but sad to other races. The "good" point is BN will face challenge in GE14 by non-malays
3) Who are in the new cabinet?--> GE 13 is just over by 6 days only. The new cabinet is composing of so many complicate interests, so it needs time to sort out.
4). Foreigners not willing to invest due to racist?--> Even before election and history of Malaysia, the racist is always there.
5). GOv't more debt--> cut subsidy and implement GST, these implementation will cause inflation and indirectly increase the housing price. Good point is that the people will feel the pain and BN will be in danger in GE 14. If gov't doesn't cut subsidy and implement GST but borrow more, more urban citizens will vote in favor of PR in GE14...either way, BN is not in favourable position in GE14.

In fact, GE 13 result is a continuation from GE 12 result. This give hope to many people that support PR to look forward in GE 14.

This post has been edited by firee818: May 11 2013, 09:08 AM