KUALA LUMPUR: Property players say rising properties prices are partially due to levy on construction materials as well fees and charges related to compliance costs. Its president Datuk Seri FD Iskandar said certain things had to be done to make house ownership viable for the people, despite the spike in property prices. “Developers should also not be charged for development charges, and it must have a lower conversion premium,” he added. Rehda immediate past president Datuk Michael Yam Kong Choy said property prices had been increasing due to the compliance cost of development projects. Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar said compliance cost is under the authority of state governments.

Source: New Strait Times September 20, 2017 11:48 UTC