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Residential property glut showing no signs of recovery — Nawawi Tie Leung

Mimi Sabreena 3:05:00 PM Informasi

KUALA LUMPUR (April 27): Thousands of incoming high-rise units this year could exacerbate the residential property glut, offering no encouraging signs of an upturn this year, says property consulting firm Nawawi Tie Leung.

According to the firm, the situation is also not helped by the rising cost of living in Malaysia, causing a mismatch between asking prices and income of prospective buyers.

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