Keeping the price of building materials in check

“We expect that the property market will do better than the past two years, but it will remain challenging due to uncertainties such as the Omicron variant, persistent high overhang units, labour shortages and increasing building material prices,” said Socio-Economic Research Centre executive director Lee Heng Guie (file pic) yesterday.

KUALA LUMPUR: Rising building material prices can pose challenges to the recovery of the property sector in Malaysia this year.

According to experts, house prices may go up as a result of costlier building material prices, as developers pass the cost to buyers.