Regulate the property market

Faliq: ‘The solution to the oversupply situation has to be a joint effort by all parties involved in order to appeal to buyers.’

KUALA LUMPUR: The government needs to urgently take more proactive steps to address and stabilise the current oversupply in the property industry with more regulations to ensure its sustainability, says privately owned bumiputra developer Naza TTDI Sdn Bhd.

“Despite all these (reports of empty office space), the government keeps on releasing more office space in Kuala Lumpur. This is a challenge for us.