A majority of property developers said they were affected by the current economic scenario in the first half of 2019 with fewer launches held, while the number of unsold units remained high.



The main reason cited for unsold lots were buyers’ end-financing issues, followed by unreleased Bumiputera units and low demand/interest.



As a way to help boost property sales, REHDA has proposed that the government allows home buyers to use more money from their Employees Provident Fund (EPF) for the down payment of the property.



08:23 - LTAT is the latest in a long list of GLCs found to be mired in financial irregularities from the past administration. We discuss where LTAT fell short and how much it would cost the government to revive it.

<a style="font-weight: 100; cursor: pointer; text-decoration: underline;" onclick="gototime('NaN')"></a>A majority of property developers said they were affected by the current economic scenario in the first half of 2019 with fewer launches held, while the number of unsold units remained high.

The main reason cited for unsold lots were buyers&rsquo; end-financing issues, followed by unreleased Bumiputera units and low demand/interest.

As a way to help boost property sales, REHDA has proposed that the government allows home buyers to use more money from their Employees Provident Fund (EPF) for the down payment of the property.

<a style="font-weight: 100; cursor: pointer; text-decoration: underline;" onclick="gototime('503')">08:23</a> - LTAT is the latest in a long list of GLCs found to be mired in financial irregularities from the past administration. We discuss where LTAT fell short and how much it would cost the government to revive it.

Instagram

Sharper and stronger than a double espresso. The Morning Run stretches your mind and braces you for the business day. It's your fast track into work where you can hit the ground running. From 6am to 10am weekdays, the Morning Run brings you the biggest stories and must-listen-to interviews. Stay enlightened, make educated business and investment decisions.

Advertisement