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The Effects of GST (Goods and Services Tax) on Construction Capital Costs and Housing Property Prices

Table 1:

No. Construction cost Mean Score Frequency Rank
Construction Site Cost
1 Land Acquisition 3.74 High 9
2 Title Insurance 3.58 High 18
3 Site Demolition 3.52 High 29
4 Transfer Taxes 3.52 High 30
5 Commission & Fees 3.42 Medium 34
6 Feasibility/Survey 3.42 Medium 35
Construction Hard Cost – Building Materials
1 Timber 4.10 High 1
2 Aggregates 4.03 High 2
3 Bricks 4.03 High 3
4 Cement 4.00 High 4
5 Roofing Materials 4.00 High 5
6 Glass 3.97 High 6
7 Ready Mix Concrete 3.97 High 7
8 Iron/Steel Reinforcement/ Bar 3.90 High 8
Construction Hard Cost – Labour
1 Bricklayer 3.52 High 24
2 Tiller 3.52 High 31
3 Roofer 3.52 High 28
4 Plumber 3.52 High 27
5 Painter 3.52 High 26
6 Concretor 3.48 Medium 32
7 Steel Barbender 3.45 Medium 33
8 Structural Steel Worker 3.42 Medium 36
9 Plasterer 3.39 Medium 39
10 Carpenter (Formwork) 3.39 Medium 37
11 General Labour 3.39 Medium 38
12 Carpenter (Joinery) 3.35 Medium 40
Construction Hard Cost – Equipment and Machinery
1 Excavator / Backhoe 3.65 High 10
2 Marble / Granite Polisher 3.61 High 14
3 Concrete Mixer 3.61 High 12
4 Concrete Vibrator c/w Poker 3.58 High 15
5 Mobile Crane 3.58 High 17
6 Bar Cutter / Bender 3.55 High 20
7 Power Trowel 3.55 High 23
Construction Soft Cost
1 Marketing Fees 3.65 High 11
2 Insurance Fees 3.61 High 13
3 Legal Fees 3.58 High 16
4 Others 3.55 High 22
5 Engineering Fees 3.55 High 21
6 Architectural Fees 3.55 High 19
7 Loan / Interim Fees 3.52 High 25
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