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Market mismatch slows once-booming private property market in Penang

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Chairman of the real estate housing development association in Penang, Toh Chin Leong, on how high land prices and construction costs are eating in developers’ profit margins: (📹: Aidila Razak)

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The question is how much profit 20% 30% or 40% greed knows no limits

Haha...he is only looking at the profit margin against revenue. Most developers are leveraged. ROEs can be very high. In fact, if you look at price psf, developers profit margin is among the highest margin of all.

You are STILL making good $$$, why are you bitching!!

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