Malaysia house prices expected to climb

Developers in Malaysia believe house prices in the nation are likely to increase over the coming 12 months, new research has revealed.

A survey conducted by the Real Estate Housing Developers' Association Malaysia (REHDA) found that around 74 per cent of respondents anticipate a rise in the cost of residential property during 2012.

Of those, 36 per cent are predicting a ten to 20 per cent jump, while 31 per cent believe the hike will be under ten per cent. The remaining seven per cent thought prices could rise by more than one-fifth.

The increasing cost of purchasing a property in Malaysia has been attributed to the higher price of labour and materials.

Source: PropertyShowrooms.com