KUCHING: Once the existing stock of properties finishes, prices will be adjusted upwards to reflect higher building costs because of the depreciating ringgit, a property expert said.
“The ringgit has gone down quite a lot in the last few months. Like it or not, price increases will kick in. Lots of materials are traded in US dollars,” said Dr Richard Tan, Kuching branch treasurer of the Sarawak Housing and Real Estate Developers’ Association (Sheda).
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