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MALAYSIA PROPERTY

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

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...

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