Thursday, March 10, 2011

Rehda: Property prices to increase up to 20pct in next 6 months

KUALA LUMUR: The Real Estate and Housing Developers' Association Malaysia (REHDA) expects property prices to increase up to 20% in the next six months.

Its president Datuk Seri Michael Yam said on Thursday, March 10 the general increase in prices would be due to higher building material and land costs.'' Material costs increase by 5% to 10% annually.

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