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Drop in property prices: Khan

He adds because of the situation of the current market, they have been forced to reduce the property prices.

“We listed a freehold property in the market for $500,000 but buyers could not get financing due to their employment and we ended up selling it for $300,000.”

Khan claims for the past six months they have seen a decline of almost 30 percent in the residential and commercial sales.

Credit: FBC

Date: 13/1/21

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