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The Edge Malaysia reported that landowners of prime lands are generally not in a rush to sell, even though many developers are scouting for land.

According to our Deputy Managing Director, Nabeel Hussain, “there is anecdotal feedback from developers that they are being offered land at heavily discounted prices. However, the actual reported transactional evidence does not seem to support a market-wide trend of land sales at prices significantly below valuation. It is possible that larger discounts are being offered for those sites that are not as well located or as suitable for large-scale development, as opposed to the best sites that developers would prefer.”
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