Phonics: High housing prices

I am in the housing and consultancy industry and I know better than you.

There are many reasons for the high housing prices but I will think the main one is government policies.

1. Land scarcity for development, SPA, land and Survey, Departments bureaucracy

2. Building materials monopoly, cement, sand, aggregates, steel, premix

3. High transport cost compounded by COBBOLD policies

4. Expensive capital contributions from SESCO. KWB, Telekom

5. Expensive processing fees from authorities, premium

6. Heavy financial cost, legal fees, holding cost

7. Professional fees, design fees, authority processing fees

8. Higher labour and materials cost

9. Restrictions on the numbers of houses on a plot land

10. Long SPA, and L & S Approval

11. Finally, the evil developer that makes tons of money.

For your information, big developer are those listed companies like Naim, Ibraco, HSL, and they can get land very much cheaper from Government. TeoKK

Phonics