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SHAREDA Releases 2013 Property
Development Annual Report
T
he Sabah Housing and Real
Estate Developers Association
(SHAREDA) recently launch its
2013 Property Development Annual
Report. The report aims to be a
relevant source of reference for
related government departments,
professional bodies, real estate
players, SHAREDA members and
counterparts such as REHDA and
SHEDA.
According to President Francis
Goh, “In the past, SHAREDA’s
members relied on market reports
prepared by professional valuers
and economic researchers. The
report usually consists of figures
that did not accurately reflect the
total revenue generated by Sabah
property developers.”
“The gross development value of
a project was not recorded due to
developers’ reluctance to disclose
and only the number of units of
the property built was included.
Absence of the right information
may diminish the accuracy of such
valuation. This may also affect the
gross development value (GDV)
and gross contract value (GCV) for
precise market assessment.
“Therefore, this SHAREDA inaugural
annual report aims to reveal
the actual data which reflects
the importance of property
development industry to Sabah’s
economy and affirmed that this
industry is performing in par with or
even superio