Builders feel the GST pinch, rush to finish high-end projects

Property developers are rushing to complete high-end residential projects as buyers prefer ready-to-move-in homes to save on goods and services tax (GST) for under-construction projects.  Big and mid-sized real estate firms with healthy credit lines are speeding up construction, particularly for luxury projects, where customers have to shell out an additional 12% GST. Under the new indirect t…