JOHOR BARU, Dec 2 — Now is regarded as the apt time for the public to buy a house in Johor as the price of completed units still take into account the old construction costs.
Real Estate and Housing Developers Association (Rehda), Johor Branch chairman Datuk Steve Chong Yoon On said this opportunity should not be wasted as the price of houses was expected to increase in the next one to two years, following rising construction costs that had to be borne by developers.
“These costs include professional fees and surveying fees in housing development,” he told reporters after the opening of the Malaysia Property Expo (Mapex) at the Johor International Convention Centre, here, today.
The three-day expo featuring 25 housing developers, was officially opened by Johor Bahru City Council’s Building Department director, Ibrahim Hamdan.
“Previously, housing developers only needed to bear five per cent of the construction cost which will soon increase to between 15 and 19 per cent,” Chong said.
He said there were more than 11,000 units of houses worth about RM90,000 in Johor which had not been bought.
Chong also said that Johor Rehda planned to hold a property expo in China and India in March, next year with Guangdong as the first destination.
“The aim is to attract outside buyers. We will invite interested housing developers and select the suitable property to be promoted for sale.
“Besides that, we hope for government involvement to make it a success,” he added. — Bernama
