Slowdown: Developers are also struggling with dwindling profits, while the higher cost of land acquisition and working capital needs have prompted more companies to increase their debt levels.
PETALING JAYA: Aggregate sales for eight out of 10 listed property companies have fallen from the peak in 2013 amid more challenging market conditions, according to a study by RAM Ratings.
Developers are also struggling with dwindling profits, while the higher cost of land acquisition and working capital needs have prompted more companies to increase their debt levels.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
