SUBSCRIBERS
Unsold unit costs add to squeeze on developers in sluggish market
Lengthy approval process allowing unsold bumiputra lots to be released to other buyers also a costly affair
Published Wed, May 4, 2016 · 09:50 PM
Kuala Lumpur
DEVELOPERS of strata titled properties in Malaysia are feeling the squeeze as sales remain sluggish - not only do they have to contend with holding costs, having to pony up associated fees on completed but unsold units is adding to their burden.
As unsold units continue to mount, the amounts can be considerable.
Copyright SPH Media. All rights reserved.
