Hua Yang to remain resilient despite building materials price hike

TheStar Thu, Oct 19, 2023 12:00am - 5 months View Original


PETALING JAYA: Hua Yang Bhd will continue to ensure there are cost-efficiency measures in place for its operations as the group looks to remain resilient in the coming months.

In a filing with Bursa Malaysia, the property developer said it would be vigilant in addressing any uncertainties in the escalating costs of building materials for its business activities.

“The group will remain prudent and will take all necessary steps to closely monitor current and forward market sentiments prior to launching any new housing projects to meet the demand of house buyers,” it said.

The group added that the country’s gross domestic product had grown moderately at 2.9% in the second quarter this year.

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