PETALING JAYA: Developers are questioning the local shortage of steel – which has seen prices go up by between 30% and 40% – where there is none in the global market.
Real Estate and Housing Developers’ Association of Malaysia (Rehda) patron Tan Sri Eddy Chen Lok Loi warned that if the prices of steel continued to rise, buyers of new property, including affordable housing, would have to pay more.
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