Valuer: No reason to bail out developers

From left: Rahim & Co CEO (real estate agency) Siva Shanker, executive chairman Tan Sri Abdul Rahim Abdul Rahman and PJ office director Choy Yue Kwong at a press conference on the Property Market Review 2019/2020 on Jan 21,2020

KUALA LUMPUR: The property sector is like any other economic sectors and should be subject to market forces of demand and supply, so there is no reason why the government should bail out developers in the current slum when they run into trouble.

Property consultancy Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman said at a press conference on the company’s Property Market Review 2019/2020 that property development is a business and all businesses come with risks.