Rehda: Rising costs may cause developments to become unviable

Additional costs in the property sector caused by steep hikes in building materials, cost of labour and redundant policies imposed on the industry might be too punitive for development projects to become economically viable, Real Estate and Housing Developers’ Association (Rehda) Malaysia president NK Tong said.

He said that while property developers might have been able to absorb the increased costs in the past, the various challenges and impositions in recent times had led to a breach of the tolerance level on the part of developers...