Property prices forecast to rise 10% in 2022

Khoo Gek San

Mah Sing CEO Benjamin Ong says the price of steel, aluminium and copper wire has gone up drastically, putting contractors under pressure to complete new properties. – The Malaysian Insight file pic, December 16, 2021.

REAL estate prices nationwide are expected to go up by 5% to 10% next year as costs of construction materials remain high, property developers said.

Some construction companies are also facing legal issues over delays to project completion caused by higher costs, they added.

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