House prices up 30%
Other News & Views
Compiled by NG SI HOOI, A. RAMAN AND IZATUN SHARI
HOUSE prices need to be raised by 30% due to the hike in building materials and petrol prices, Nanyang Siang Pau reported.
Master Builders Association of Malaysia president Patrick Wong said middle-range house prices had been increased from RM150,000 to RM190,000.
“The developers have no choice but to raise the price as the cost of building the houses has increased. The price of houses was adjusted two weeks ago,” he said.
Heavy inflation tends to drive property prices to go north. How i wished i could own 2 more properties by end of year =( But hey, if 3 of my current properties appreciate by 30%, there would be a permanent smile as i stroll my way to the bank =D
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