DUE to intense competition in the local construction industry and scarcity of prime land for development, especially in the Klang Valley, many developers have focused on upmarket and high-end property projects to sustain earnings, according to analysts and real estate players.
Reapfield Properties Sdn Bhd president David Ong said developers' interest in upmarket and high-end developments in the last few years was due to the increased demand for such properties.
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