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Developers’ shrinking unbilled sales not quite a concern

Developers’ shrinking unbilled sales not quite a concern

KUALA LUMPUR: The contraction in unbilled sales in the past one year may not pose that much of a concern to property developers’ earnings.

The decline in unbilled sales is quite a surprise, said analysts who track the domestic property sector, as the smaller figures are mainly due to the delay of new launches after the puncture of the property boom in 2015. However, most of them concur that things are unlikely to get worse, instead sales may pick up albeit at a slower pace moving forward.

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