Former Real Estate and Housing Developers’ Association chairman Tan Hun Beng says the steep hike in building material costs will impact the selling price of the incoming supply of properties by at least 5-20%, depending on their size and location. – The Malaysian Insight file pic, June 20, 2022.Quoting former Real Estate and Housing Developers’ Association chairman, Tan Hun Beng, StarBiz said a price hike is imminent due to higher construction costs.
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