Industry players urge govt to intervene over rising building material prices

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (REHDA) and six other industry players have urged the government for continuous monitoring and enforcement to weed out profiteering and anti-competition activities in the building materials supply chain.

In a joint statement today, industry players said prices of building materials have been on a steep rising trend in recent months, and this has directly impacted the cost of doing business, resulting in a hike on construction cost of between 13 and 20 per cent.