Property prices likely to increase before year-end

Residential property prices are expected to increase by up to 20%.

GEORGE TOWN: The selling prices of residential properties in the country will likely increase by 5% to 20% soon.

Real Estate and Housing Developers’ Association immediate past chairman Tan Hun Beng told StarBiz that a price hike was in the offing and likely to happen before the end of the year, as construction costs had increased substantially.