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Property & Real Estate Transaction

Overpricing may hurt developers' financing approval, bank warns

EdgeProp Wisma Rehda, Kelana Jaya, Selangor

At the Rehda Institute conference at Wisma Rehda, Kelana Jaya on Sept 8-9, OCBC Bank Malaysia warned that setting selling prices too high can lower a developer's chances of getting project financing approved. The bank also weighs rising construction costs, breakeven sales above 85% and the developer's track record before lending.

Read the full story · EdgeProp ↗ More news near Wisma Rehda, Kelana Jaya, Selangor Browse all news
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