KUCHING: Many developers have delayed their new launches and reduced sales targets in view of the softening Sarawak property market, according to a leading property consultant.
CH Williams Talhar Wong & Yeo Sdn Bhd (WTWY) said developers had experienced knee-jerk reaction in sales following the tightening measures implemented by the authorities last year and strict lending policy by banks and financial institutions to curb speculations and soaring property prices.
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