Glomac: Rising construction costs hurting developers’ margins
Glomac's group managing director/CEO stated that rising construction costs are affecting developers. They cannot increase selling prices without impacting affordability, especially for residential properties. This issue affects the residential segment nationwide.
What it means for buyers, tenants and investorsDevelopers like Glomac are directly affected, and buyers of their projects can check how the company will balance construction costs and selling prices.
Key facts
| Areas | Nationwide |
|---|---|
| Section | Construction & development |
| Date | |
| Source | The Sun ↗ |
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