Cost transfer: Property developers may shift diesel subsidy rationalisation costs from construction and transportation to luxury dwelling projects, says an insider. — Photo from Bernama
PETALING JAYA: Property developers will have no choice but to transfer the extra costs from the diesel subsidy rationalisation for the construction and transportation industries to high-end housing projects, says an industry member.
Former Perak Real Estate and Housing Developers Association (Rehda) chairman Tony Khoo said for the state’s housing policy, housing projects must comprise 10% low-cost houses, 20% medium-cost houses, and 10% “Rumah Perakku” houses.
