Skip to main content

According to him, in addition to this, building materials such as cement and iron rods are also becoming expensive due to the rising price of crude oil. — Photo by Bernama.

SIBU (March 9): Construction material suppliers want the government to address the shortage of gravel needed to construct buildings.

One of the vendors who only wanted to be known as Ting said stone prices are currently “unstable” due to the shortage.

“I call on the government to look into this matter. I don’t know what happened, but because of the shortage, prices continue to rise and many suppliers have already stopped supplying,” a- he declared.

According to him, in addition to this, building materials such as cement and iron rods are also becoming expensive due to the rising price of crude oil.

At the moment, he said crude oil is at $120 a barrel and the price is expected to rise.

He pointed out that the price of cement had increased by 10% and shipping costs had increased by 14%.

He said it is beyond their control as these building materials are imported from outside Sibu and Sarawak.

“Because of the increase in the price of these building materials, the price of houses would certainly increase as well. Currently, an intermediate two-storey townhouse would cost between RM460,000 and RM480,000. If material prices continue to rise, I think property prices would reach RM510,000 to RM530,000,” he said.

He pointed out that this could create a heavy burden for home buyers, especially young couples.

He also hoped that the government could look into this issue so that prices can be controlled.