House Prices to Rise 10%-15%?

April 2008

House prices in Malaysia could go up between 10% and 15% this year in tandem with the overall escalation of construction contract sums by 16% to 18% spurred by the rising costs of building materials, reported The Edge. Apparently, the ceiling price of steel bars and billets and cement rose more than 40% in 2007, while the prices of copper used in air-conditioning and wiring escalated between 40%-50% in the past six months.