Overview

The Unit Price Index of Building Materials

• The monthly comparison showed a decrease in the unit price index of steel between negative 0.1 per cent to negative 4.6 per cent for almost all areas in Peninsular Malaysia, Sabah and Sarawak in December 2024 as compared to the previous month. The highest decrease was recorded in Perak (-4.6%), followed by Tawau (-2.3%) and Sandakan (-2.0%).
• Apart from that, the unit price index of steel & metal sections registered a decline between negative 0.3 per cent to negative 0.8 per cent for almost all areas in Peninsular Malaysia, Sabah and Sarawak in December 2024 as compared to the previous month. Meanwhile, the unit price index of cement remained unchanged for almost all areas in Peninsular Malaysia, Sabah and Sarawak in December 2024.
• An annual comparison for the period of December 2023 and December 2024 indicated that the unit price index of cement increased between 0.1 per cent to 2.8 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 (2.8%), followed by Pahang (2.7%), Pulau Pinang, Kedah & Perlis and Perak (1.5%),  respectively.
• Nevertheless, an annual comparison of the unit price index of steel recorded a decrease between negative 1.7 per cent to negative 9.7 per cent in December 2024 as compared to the same month last year for almost all areas in Peninsular Malaysia, Sabah and Sarawak. The highest decrease was recorded in Perak (-9.7%). 

Average Price of Selected Building Materials

• The average price of cement (Ordinary Portland) in December 2024 remained unchanged with an average price of RM23.25 per 50 kg bag as compared to the previous month.
• The average price per unit of steel, consisting of mild steel round bars and Mycon 60 high tensile deformed bars recorded a decrease (-1.1%) with an average price of RM3,588.30 per metric tonne as compared to the previous month (November 2024: RM3,628.90 per metric tonne).

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Baharudin Mohamad

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Phone: 03 8885 7942

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