Sabah Housing and Urban Development Board concerned over rising prices of building materials

Kota Kinabalu: Sabah Housing and Urban Development Board Chairman Datuk Masiung Banah expressed concern about the lack of government enforcement action against the current increase in the price of building materials.

According to him, the increase in the price of raw materials is influenced by the sentiment of increased transport costs in the real estate sector, which is not entitled to subsidised diesel. The construction materials cost index released by the Department of Statistics Malaysia in the middle of last month showed the price of plywood, iron and cement recorded an increase of up to 1.7 per cent.Masiung noted that transportation costs for Sabah and Labuan are higher than in Peninsular Malaysia, leading to further increases in the price of raw materials in Sabah’s construction sector.

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