Is The High Cost Of Houses In Large Part Due To Compliance Costs?

Should the government compel developers to control prices to make homes more affordable? Are compliance costs a large part of the high costs of houses and what can we do about this? Michael Kong, President of Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector of Malaysia (PEPS Malaysia) shares his thoughts. Image credit: Shutterstock.com