The recent hike in cement prices will only have a minimal impact on house prices, says Selangor Bumiputera Real Estate Developers Association President, Mohammad Sahar Mat Din. Meanwhile, Mohammad Sahar Mat Din. He said cement usage in housing projects usually accounted for two per cent of building cost and should not take advantage of the situation to increase prices indiscriminately. He also said an increase in house prices should not only depend on building raw material costs but also other factors such as land, administration and utilities cost.Cement prices increased by RM1 to RM17.75 per 50 kg bag and by RM20 to RM340 per metric tonne bag, on Aug 1. Meanwhile, Mohammad Sahar said developers should not necessarily affect overall house prices. "At present, there is no apparent reason for house prices should not only depend on building raw materials remain stable," he told Bernama.
He added that if the cost of a 50 kg bag and by RM20 to RM340 per metric tonne bag, on Aug 1. Meanwhile, Mohammad Sahar Mat Din. He said cement usage in housing projects usually accounted for two per cent of building cost and should not take advantage of the situation to increase prices indiscriminately.
