Business Services Industry
Retailing to benefit from Tesco move: Perdasama, BUSINESS TIMES
Business Times (Malaysia), March, 2004
Business Times (Malaysia) 03-06-2004 URL: http://www.btimes.com.my/ THE cost of new residential properties may increase by between 3 and 5 per cent as developers try to pass on escalating construction costs to buyers.
Research house MIDF Sisma Securities Sdn Bhd said the move is likely because of rising costs of raw materials such as sand and steel bars. "The increased production cost borne by developers is likely to be passed on to house buyers," it said in a research note. Recently, the Real Estate and Housing Developers' Association Malaysia (Selangor) said that a sand and other building raw materials shortage can increase their construction costs by RM6,000 for a regular two-storey link house. MIDF Sisma questioned the sustainability of the...
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