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Malaysia: 5pct to 10pct property price correction seen

Posted on 25 April 2013

Luxury condominiums and even landed property may face a 5%-10% price correction this year in response to a slower occupancy rate last year.This does not, however, mean that property prices would start to tumble as overall mass market housing would be able to sustain slower growth.
According to real estate services provider CH William Talhar & Wong managing director Foo Gee Jen, the occupancy rate among luxury condominiums in Kuala Lumpur registered only 67% last year, which was “not a very healthy sign”………………………………………..Full Article: Source


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