Property price hike inevitable?
THE rise in property prices may be inevitable in tandem with the volatility of raw building materials price, although some developers may opt to keep it down, for now. Firdaus & Associates Property Professionals founder and group MD Firdaus Musa said in certain cases, price hike of raw building materials will lead to higher prices of properties in the market.
Residential overhang in 2021 ‘at an all-time high’
According to the Property Market Report 2021 by the National Property Information Centre (Napic), residential property overhang increased to an all-time high last year of 36,863 units worth RM22.79 billion, marking a 24.7%