The price increases in construction materials could affect the construction industry if not regulated by the government. theSun theSundaily economy statistics Malaysia DOSM
: The Malaysian Malay Contractors Association has urged the government to regulate the price increases of building materials with continuous monitoring and enforcement to ensure that the industry’s supply chain is not affected.
“A tonne of iron today is about RM3,300 compared to between RM2,600 and RM2,800 before with an estimated RM500 difference, forcing some contractors to postpone building or housing construction because as contractors, we only execute the project. The Statistics Department said in May that the price index per unit of cement and iron recorded a 0.3 per cent and 0.9 per cent rise, respectively, in April.
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