Article: Property market yet to pick up

David Yeow
New Straits Times
04-09-2007
Property market yet to pick up
Byline: David Yeow
Edition: Main/Lifestyle
Section: Main Section

KUALA LUMPUR: Sluggish, flat and dry. These three words, property dealers say, sum up the current state of the local property market.

Gone are the days when the queue in front of sales offices would start the night before a launch with buyers clenching cheque books in their fists and praying hard to secure a property for themselves.
According to the National Property Market Status Report, as of the second quarter of 2006, there are 22,185 units of unsold residential property.

"The property market has changed. It's an investment market now," said VPC Realtors ...

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