Unsold properties and the cooling market
Residential overhang numbers, or properties unsold after nine months post-completion, totals 29,227 units worth RM17.
Residential overhang numbers, or properties unsold after nine months post-completion, totals 29,227 units worth RM17.
KAJANG: The slow property market has led to the increase in residential overhang numbers which as of 1H2018 totals 29,227 units worth RM17.
PETALING JAYA (October 1): The Valuation and Property Services Department (JPPH) has come up with a suggestion to keep house prices in check — by establishing a Housing Price and Cost Control Committee, to monitor costs involved in housing developments.
KUALA LUMPUR (May 3): The overall property market is expected to stabilise this year, underpinned by the improving Malaysian economy that had recorded 5.
PETALING JAYA (April 21): A growing supply of affordable housing – variously defined as priced below RM500,000 to below RM200,000 by different authorities and consultancies – by public and private entities threatens to keep overhang units undigested, reported The Edge weekly.
KAJANG (April 19): The Malaysian House Price Index continues to climb as it grew 6.
PETALING JAYA (April 19): The residential property sector in Johor has seen improved sales performance with 44.
PETALING JAYA (April 17): Thirty new hotels were completed last year, adding a further 5,777 rooms to the sector in 2017, over 50% more than the 3,733 new rooms introduced in 2016, said the Valuation and Property Services Department’s (JPPH) “Malaysian Property Market Report 2017”.
PETALING JAYA (April 17): The office sector performed better in 2017 as the high take-up of office spaces had led to slightly improved occupancy levels last year, according to the Valuation and Property Services Department’s (JPPH) newly released “Malaysian Property Market Report 2017”.
PETALING JAYA (April 17): The residential overhang in Penang (pictured) more than doubled to 3,916 units worth RM3.