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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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