Material (especially steel) and labour, compliance and the GST are the top three major cost components in the construction industry, according to the Real Estate and Housing Developers’ Association.
PHOTO: BLOOMBERG
Kuala Lumpur
FOUR out of 10 builders in Malaysia froze recruitment while one in three opted to reduce staff benefits or perks last year as part of cost-cutting measures amid a weak property market and rising business costs, according to an industry survey.
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