Property Developers Welcome Government’s Decision To Liberalise Steel Market

Real Estate and Housing Developers Association (REHDA) welcomes the Government’s decision to liberalise the steel market with the abolishment of ceiling price for steel bars.

Calling the move good news, President of REHDA Malaysia, Mr Ng Seing Liong, JP hopes it will progressively facilitate a transparent pricing mechanism for building materials. 

Since there are still shortages in supply of building materials in the market, especially steel bars and cement, an open market will ensure cost competitiveness for developers and subsequently cost savings for consumers.

“REHDA hopes the Government will decontrol the market for cement soon” Mr. Ng said.

 REHDA further urges the Government to combat inflationary trend of building materials by implementing a strategic liberalisation plan as well as the abolishment of unfair policies that are burdensome to the industry.

“Bigger development and construction industry players are urged to start sourcing and buying economic building materials from overseas to immediately capitalise on the deregulation of import-export restriction,” added Mr. Ng.

 

Issued by:

Ng Seing Liong, JP

黄腾亮局绅
PRESIDENT
REAL ESTATE AND HOUSING DEVELOPERS’ ASSOCIATION MALAYSIA