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  • Little to cheer, a lot to worry

    By Ng Jia Xiang

    The Sabah media hailed it a success. In three days, a recent exhibition in Kota Kinabalu sold 500m ringgit ($147m) worth of buildings. But at closer look, the sales offered little cheer. More than three-quarters of the 2.2-billion-ringgit properties were unsold. Of those sold, 50m ringgit was for buildings in Kuala Lumpur. And this should worry the real estate industry because faulty construction is holding back buyers.
     

    Posted on 31-10-2009, 10:46 am; Comments 0

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