Rising cost of materials biggest challenge for developers - says CREBA | Business and Politics

Chamber of Real Estate and Builders' Associations (CREBA) Executive Vice President and Chief Executive Officer of CDC Holdings Inc., Melesa “Elsie” Chua says that the rising cost of materials is currently the biggest challenge for developers. Rising prices would mean less buyers will be able to afford housing. She adds that nowadays rental is rising alongside the cost of basic goods, in consequence more people opt to buy homes instead of renting.

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