DEVELOPERS and contractors in the country are protesting against the 12 per cent increase in government-controlled ceiling prices of steel bars and billets, which took effect from December 1 last year. Both the Real Estate and Housing Developers Association Malaysia (Rehda) and the Master Builders Association Malaysia (MBAM) issued separate press statements yesterday to express their concerns and disappointment.They said the higher steel prices will put further pressure on housing and property prices. Ultimately, they added, it is the house buyers who will bear the brunt of the spiralling prices.
Monday, January 28, 2008
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