KOTA KINABALU: Property prices in Sabah are expected to rise between 10% and 15% in the second quarter of this year, driven by a surge in the cost of construction materials.
Sabah Housing and Town Development Authority (LPPB) chairman Datuk Masiung Banah said the recent spike in prices of key materials such as cement, bricks, steel and timber, reported since January, has forced developers to consider price adjustments to offset their mounting costs.
