Residential property sector turns the corner

THE number of unsold houses in Malaysia fell for the first time since 2002, reflecting a buoyant property market, a deputy minister said. "The overhang value stood at RM3.82 billion. Compared to last year, the overhang volume dropped by 6.9 per cent, while the value reduced by 8.8 per cent," Deputy Finance Minister Datuk Kong Cho Ha said. (read more...)