Builders upset over order to reduce prices


  • Nation Premium
  • Sunday, 11 Oct 2015

KOTA KINABALU: A tug of war is going on between state authorities and Sabah developers over an order for them to reduce housing prices by 10%.

The state Housing Controller, through the Local Government and Housing Ministry deputy permanent secretary Rayman Loudrize, told developers to reduce the prices of their new projects. Failure to comply with this would result in their housing development licence, advertising permits and price list applications not being approved.

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