UPDATE 1-No delay in new projects-Malaysia's Sime Darby Property

Newswire

(Adds details, quotes) KUALA LUMPUR, June 20 (Reuters) - Malaysia's Sime Darby Property is not delaying the launch of new projects despite higher costs and weaker prospects for the industry, its managing director said on Friday. Some analysts have highlighted concerns over the outlook of Malaysia's property sector on the back of rising political risks and higher costs of building materials. "We are not deferring because of the increase in costs," Abd Wahab Maskan told reporters. "The ...

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