THE executive chairman of property consultancy Rahim & Co International Sdn Bhd, Tan Sri Abdul Rahim Abdul Rahman, at a media briefing on its Property Market Review 2019/2020 said, and rightly too, that all property developments are businesses ran on risk-taking as well as profitability. Hence, the present government or for that matter any future government has no reason to bail them out.Abdul Rahim said no proper or in-depth studies were conducted to develop any piece of available land, big, small or even TOD- (transit-oriented development) related, before embarking on massive property projects since 2013.
No complete feasibility study was done on population density growth, traffic assessment, road systems management, environmental impact and even the cost and pricing factors.
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