Will RMR house prices remain stable despite SST increase?

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Rumah Mesra Rakyat House Prices to Remain Stable Amidst SST Increase

Syarikat Perumahan Negara Berhad (SPNB) has assured that the prices for its Rumah Mesra Rakyat (RMR) housing scheme will not be increased, even with the recent rise in the Sales and Service Tax (SST) to eight per cent. This stability is attributed to the specific nature of RMR projects and proactive measures taken by SPNB to manage construction costs.
Exclusion of Consultation Fees

The absence of a price hike is partly due to RMR projects not including the consultation aspect, which is a significant cost factor in construction for many private developers. Unlike projects that require extensive input from engineers and architects, RMR developments streamline these processes, thereby avoiding additional expenses that would typically be passed on to buyers under the new SST rate.
Expedited Construction to Offset Costs

SPNB has directed its appointed contractors to expedite the construction of RMR units. This strategy aims to reduce various associated costs, which indirectly assists in maintaining the current pricing of these homes. By shortening project timelines, SPNB seeks to mitigate the impact of rising operational expenses.
Existing Pricing and Subsidies for B40 Group

Since 2020, SPNB has been offering RMR houses at a fixed price of RM75,000 per unit, specifically for the B40 income group. This price point already incorporates a government subsidy amounting to RM20,000. Each residence is designed to provide comfortable living with approximately 750 square feet of space, featuring three bedrooms, a living area, a kitchen, and two bathrooms.

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Will RMR house prices remain stable despite SST increase?

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