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 Buyer for SOFO & SOVO-GST Related Issue

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Malaysian_driver
post Jul 6 2015, 11:18 PM

On my way
****
Senior Member
574 posts

Joined: Apr 2011
I am a buyer. This project already delayed. Although I am upset that I have to pay more money now for GST (how the world would I know the GST will be implemented now?) we have to remember, if we decide to take action, the project may be stalled. The other option of course is to pay the GST and recalculate a profitable selling price when you sell the property. I don't know how deep Ideal City pockets are but I know they are not big time developer like MS, SPS, YTL, etc....this forum is too public to discuss this. Better use an exclusive chatgroup.

I didn't check the SPA. What you posted is surprising... They didn't cover the new laws like most SPA would.

This post has been edited by Malaysian_driver: Jul 6 2015, 11:24 PM

 

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