Lately, there is this rumor about possible increase in cement price. For me, this news is only use as a tool to render speculation and assure people to buy properties before so-called hike in price. Nothing more than that. Let say, cement price increased by 50%, what is the outcome? For me, it is minimal. Let say, A m3 of concrete uses around 350kg which is equivalent to 7 bags. So, 74m3 x 7bags = 518 bags. The current price is around RM20 per bag which mean, the total cost is around RM10,360. Therefore, there is no point to rush and buy since the price will not skyrocket. Secondly, due to competition, the contractor may absorb in order to compete with price of houses for re-sell. Always be smart enough to observe, wait and see. The price of houses will continue to drop by the months until 2021.
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