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Johor developers 'should drop inflated prices to clear glut'
Jones Lang Wootton exec says prices have run up too much, too quickly
Add BT as a preferred sourcePublished Thu, Apr 20, 2017 · 09:50 PM
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.
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