Rising commodity prices, particularly iron ore, are pushing the price of construction up, which will soon be passed on to the consumer, says Real Estate and Housing Developers’ Association president Heng Choon Soam. – The Malaysian Insight file pic, October 21, 2021.
PROPERTY prices may go up if the price of raw building materials continues to rise for a prolonged period of time, Real Estate and Housing Developers’ Association president Heng Choon Soam said today. Prices of commodities have gone up due to a disruption in the global supply chain stemming from the Covid-19 pandemic.
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