PETALING JAYA: Malaysian property prices are expected to continue increasing significantly for the first half of 2024 (1H 2024) due to challenges of rising cost of building materials, according to the Real Estate and Housing Developers’ Association (Rehda).
Speaking about Rehda’s Property Industry Survey for 2H 2023 and Market Outlook for 2024 reports, its president, Datuk NK Tong, said building material prices continued to rise as developers reported more than 10 per cent annual increase in average price for sand and concrete as at the end of December 2023.
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