Johor developers 'should drop inflated prices to clear glut'

Kuala Lumpur

TO ADDRESS Johor's property glut, a property consultant has suggested that developers bite the bullet and allow prices - inflated to begin with during a period of easy credit - to slide to more down-to-earth levels.

"Take the bull by the horns and drop prices to more realistic levels," Jones Lang Wootton executive director Malathi Thevendran proposed when asked what developers could do to move housing stock.