Tight cash flow for builders
Published on: Monday, July 13, 2020
By: David Thien
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There is an urgent need for landed low-cost housing for Sabah’s growing population.
Kota Kinabalu: Property buyers are heroes, in boosting the local economy. By their investments, they are helping developers now facing a tight cash flow situation.This was the take-away message by Sabah Housing and Real Estate Developers Association (Shareda) Deputy President Datuk Sr Chua Soon Ping at a webinar recently.
“I am also investing in property, especially with the low interest rates,” Chua stressed on the opportune timing being the present situation with rates around three per cent compared to the lending history heights of around 12 per cent.
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