Structural changes needed for housing sector?

Slow recovery: Lee says a full-fledged recovery in the property sector may take at least two to three years.

THERE has to be structural changes to the housing sector if it is to climb out of its current malaise, two industry sources say.

Both declined to be named while a third source, economist and executive director at the Socio-Economic Research Centre (SERC) Lee Heng Guie says a full-fledged recovery in the property sector may take at least two to three years from now.