OUTDATED information and the lack of new research from the authorities are hindering developers from executing smart and informed decisions which could further dampen the growth of the property market, as it adds more pressure to the present glut and mismatched situations.
Henry Butcher Real Estate Sdn Bhd COO Tang Chee Meng claimed that the National Property Information Centre, under the Valuation and Property Services Department, does not possess the latest statistics on various aspects of the property market.
“Some developers, who do not have their own in-house research capabilities, are not able to make informed and well-considered decisions.
“Decisions made based on gut feeling may turn out to be wrong and detrimental to the developers as well as bankers, and this should be avoided,” he told The Malaysian Reserve (TMR) recently.
