the landowner wants houses instead of cash. 

Well, i would take the money and ciao also. But this landowner wants the houses to collect rental.

From what i read online, supply of agricultural land and supply of residential properties is exempt from GST.

If by entering into the JVA with the developer is considered a supply of land on the part of the landowner, then it should be exempt.

If it is taken that developer supplies the residential houses to the landowner as remuneration, there will be no GST also.

The only GST applicable is on the developer's part when they purchase raw materials and equipments etc for building the houses but because it is residential, they can only adjust on the selling price and cannot charge GST to the purchasers.

But end of the day, still very pening. No clear guidelines. Will have to check with customs.

you are absolutely spot on hence my closing statement that the landowner better do proper due diligence on the tax structure of the deal.
new JV structures butt hurt the landowner big time!

best to engage an experienced tax agent to structure the deal properly.

on paper, the deal is attractive.
but looking at the cost of the development, suspect it is not a prime area.
hence i would rather pegged it to % GDV rather than physical units.

talk about tough time, peri kor, your company recruiting bor?
fat cat looking for job. 
let me follow you cari makan, can?

Peri gor.., you got any on running projects at Melacca? Mind to share about the foreigner consent's stuff? As one of my client pull hand brake because cant submit consent as their project is high rise without strata title yet, hence bank cant release payment for foreigner buyer. Any jalan to settle this issue??   

EW no hiew fat cat.
apa itu law development.