Property overhang raises concerns over viability of new mega projects


  • Business Premium
  • Wednesday, 09 Dec 2009

PETALING JAYA: Some analysts and property consultants say the development of mega property projects in the nation’s capital, worth billions of ringgit, may provide abundant jobs for players in the construction industry, but note that these projects could be detrimental to the property market in the long term if not implemented properly, and especially if the take-up rates are slow.

It is reported that mega development projects would take place at Dataran Perdana in Jalan Davis, the area surrounding Merdeka Stadium and the vicinity of the Matrade Centre in Jalan Duta.

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