Unresolved issues in property

Chain reaction: Lee says the property sector is part of the construction sector and if the property sector is stressed, and if nothing is done to stabilise it, it will pull down the construction sector. — AP

PETALING JAYA: The current state of the property sector is the result of many long-trending unresolved issues which were not dealt with at an earlier stage, says an economist.

Socio-Economic Research Centre executive director Lee Heng Guie said: “This is why we have an overhang and oversupply situation today.”