Ejen Hartanah Bandar Baru Bangi, Bandar Bukit Mahkota, Cheras, Kajang, Putrajaya, Seri Kembangan, Nilai, Semenyih, Puchong, Kuala Lumpur, Sepang, Salak Tinggi, Putra Height

Ejen Hartanah Bandar Baru Bangi, Bandar Bukit Mahkota, Cheras, Kajang, Putrajaya, Seri Kembangan, Nilai, Semenyih, Puchong, Kuala Lumpur, Sepang, Salak Tinggi, Putra Height

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New House Prices To Increase 10%

April 5, 2014 by admin 3 Comments

Prices of new houses in Malaysia are expected to increase by 10 percent, primarily due to the absenteeism of foreign workers and higher cost of construction materials.

According to Datuk Seri Michael Yam Kong Choy, President of Real Estate and Housing Developers Association of Malaysia, the failure of foreign workers to report for work has caused delays, adding to costs that will certainly be passed on to consumers.

Although acknowledging the need to clampdown on illegal immigrants, Yam noted that the shrinking supply of workers would hurt developers as they would have to “pay more for labour to meet contractual deadlines, failing which they will be penalised.”

Under the Sales and Purchase Agreement, developers are bound to pay buyers a compensation in case of late delivery. Notably, the contracts in the private sector does not include any provision for price adjustments.

Meanwhile, Association president Datuk Lim Kai Seng expects sand and cement prices to increase by five percent to 10 percent, while transportation cost could rise by up to 20 percent.

~~ Credit to Farah Wahida, Editor of PropertyGuru ~~

– See more at: http://www.property-lovers.com/new-house-prices-to-increase-10/#sthash.sj6hq7Ew.dpuf

Prices of new houses in Malaysia are expected to increase by 10 percent, primarily due to the absenteeism of foreign workers and higher cost of construction materials.

According to Datuk Seri Michael Yam Kong Choy, President of Real Estate and Housing Developers Association of Malaysia, the failure of foreign workers to report for work has caused delays, adding to costs that will certainly be passed on to consumers.

Although acknowledging the need to clampdown on illegal immigrants, Yam noted that the shrinking supply of workers would hurt developers as they would have to “pay more for labour to meet contractual deadlines, failing which they will be penalised.”

Under the Sales and Purchase Agreement, developers are bound to pay buyers a compensation in case of late delivery. Notably, the contracts in the private sector does not include any provision for price adjustments.

Meanwhile, Association president Datuk Lim Kai Seng expects sand and cement prices to increase by five percent to 10 percent, while transportation cost could rise by up to 20 percent.

~~ Credit to Farah Wahida, Editor of PropertyGuru ~~

– See more at: http://www.property-lovers.com/new-house-prices-to-increase-10/#sthash.sj6hq7Ew.dpuf

Filed Under: Featured Tagged With: 0162125909, Bandar Baru Bangi, Bandar Baru Salak Tinggi, Bandar Bukit Mahkota, Bandar Enstek, Bandar Seri Putra, Cheras, ejen hartanah, Ingin jual rumah, Kajang, Kota Seriemas, Kota Warisan, Kuala Lumpur, Nilai, Puchong, Putrajaya, real estate agent, Rosniza, Semenyih, Sendayan, Serdang, Seremban, Top

Comments

  1. Syikin Kamal says

    April 9, 2014 at 17:31

    Risau nye saya…kena beli rumah cpat2…

    Reply
  2. Huda says

    April 9, 2014 at 17:32

    Wah…makin teruk la harga rumah…tak boleh jadi nih

    Reply
  3. Sadi says

    April 9, 2014 at 17:32

    Good

    Reply

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ejen hartanah

ejen hartanah

Agen Hartanah Berdaftar Anda!

Agen Hartanah Berdaftar Anda!

Kawasan Fokus Jualan Rumah & Hartanah

Ejen Hartanah & Ejen Jual Rumah di kawasan Bangi, Kajang, Bandar Seri Putra, Bukit Mahkota, Bandar Baru Salak Tinggi, Bdr Baru Putra Nilai, Alam Sari, Cheras, Desa Pinggiran Putra, Putrajaya, Semenyih, Sg Tangkas, Cyberjaya, Bandar Saujana Putra, Putra Heights, Kota Warisan, BTHO, Ampang, Bdr Mahkota Cheras, Bandar Enstek, Kota Seriemas, Dengkil, Seri Kembangan, Puchong, Bandar Kinrara, Puncak Jalil, Shah Alam, Gombak, Selayang, Sg Buloh, Nilai Impian, Pajam, Sendayan, Bangi, Seremban, Senawang, Seksyen 9 Bangi

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