Lower prices, Negeri Sembilan MB urges developers

03/10/2001 The Star

THE Negri Sembilan Government wants developers to lower property prices as there are unsold units worth over RM500mil in the state.

Mentri Besar Tan Sri Isa Abdul Samad said he had advised developers to drop prices to enable them to sell their properties.

''Feedback from 62 developers shows that the total of unsold property in the form of residential units, and commercial and industrial lots, are worth RM513.8mil,'' he said after opening the state-level World AIDS Day celebration on Saturday.

Unsold residential units totalled 3,210 lots worth RM308.2mil, while unsold commercial lots totalled 483 units valued at RM130.6mil. There are also 236 units of unsold industrial lots worth RM75mil.

He said it would be better for developers to sell them at a lower price than keeping the unsold units.

He cited the Seremban Municipal Council, which was able to sell its unsold housing units when it slashed the price by RM5,000.

''I hope the developers would lower their prices in the coming property expo to be held later this month,'' he said.

Earlier in his speech, Isa said there were 4,631 people in the state who were infected with HIV.

He said 98% of them were men, and 80% of them were between 20 and 40 years old.