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PETALING JAYA: Contractors, who have seen building material costs surge by an average 25% since January, are bracing for another round of price hikes, this time from the higher electricity tariffs which came into effect on July 1.
Master Builders Association of Malaysia (MBAM) secretary-general Yap Yoke Keong expected prices of building materials, including steel bars, cement and roof tiles, to rise by 5% to 10%.
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