Weekly Industry News

Zero GST Expected to Boost Deals

Weekly Industry News

Lower drop in transactions seen this year.

THE volume of property transactions in the country for 2018 is expected to increase due to the improvement in spending power arising from the zerorisation of the goods and services tax (GST).

According to a Raine & Horne projection for 2018, the property transactions in the country are expected to register 305,213 units, a drop of 2.1% from 311,824 units in 2017.

The contraction is slightly smaller than the 2.6% dip registered in 2017, which saw property transactions fell to 311,824 units from 320,425 units in 2016.

Media Title: The Star

Date: 26 May 2018

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