Overview

The Unit Price Index of Building Materials

• The monthly comparison showed a slight decrease in the unit price index of steel & metal sections between negative 0.6 per cent to negative 4.9 per cent for almost all areas in Peninsular Malaysia, Sabah and Sarawak in October 2024 as compared to the previous month. The highest decrease was in Perak (-4.9%), Selangor, W.P. Kuala Lumpur, Melaka & Negeri Sembilan (-2.0%), followed by Pulau Pinang, Kedah & Perlis (-1.2%).
• The unit price index of steel recorded a decrease between negative 0.4 per cent to negative 3.2 per cent for almost all areas in Peninsular Malaysia, Sabah and Sarawak. Apart from that, the unit price index of cement recorded a slight decrease between negative 0.1 per cent to negative 0.7 per cent for several areas in Peninsular Malaysia, Sabah and Sarawak in October 2024.
• An annual comparison for the period of October 2023 and October 2024 indicated that the unit price index of cement increased between 0.2 per cent to 3.0 per cent for almost all areas in Peninsular Malaysia, Sabah and Sarawak. The highest increase was recorded in Selangor, W.P. Kuala Lumpur, Melaka & Negeri Sembilan (3.0%), followed by Johor and Pahang, 2.7 per cent respectively.
• Nevertheless, an annual comparison of the unit price index of steel recorded a decrease between negative 0.8 per cent to negative 4.2 per cent in October 2024 as compared to the same month last year for almost all areas in Peninsular Malaysia, Sabah and Sarawak. 

Average Price of Selected Building Materials

• The price of cement (Ordinary Portland) remained unchanged as compared to September 2024 with an average price of RM23.22 per 50 kg bag.
• The average price per unit of steel, consisting of mild steel round bars and Mycon 60 high tensile deformed bars recorded a decrease (-1.0%) with an average price of RM3,631.58 per metric tonne as compared to the previous month (September 2024: RM3,667.96 per metric tonne).

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