Overhang residential units down 7% in 2023, affordable housing the largest category
Value of overhang residential units also declined 4% to RM17.
Value of overhang residential units also declined 4% to RM17.
How do we compare our building costs to those in neighbouring countries? Are Malaysian developers making excessive profits? Are they building the wrong products at unreasonably high prices to maximise profits, resulting in an excessive number of unsold houses, instead of building more affordable houses? Last week, we provided our data-based analysis that contradicts the prevailing myth that housing is generally unaffordable in Malaysia.
Home ownership rates rose from 2012 to 2019 across the country, except for Perlis and the Federal Territory of Labuan, according to a DoSM survey .
Director-General of JKR, Datuk Ir Ahmad Redza Ghulam Rasool: JKR is unwavering in its commitment to BIM adaptation and together with our partners, JKR's initiatives are geared towards magnifying industry awareness and preparing Malaysia for the global stage of modern construction technology.
The research firm in a note on Thursday said that although office spaces are becoming more relevant, overall occupancy levels may remain thin, as the incremental supply of new office spaces could outweigh the modestly rising take-up, further dampening the sector’s outlook.
PR1MA must be held accountable for all its decisions.
The building and engineering products and services promoted include the industrialised building system (IBS), building information modelling (BIM), formwork system, advanced building materials, equipment and machinery and other related construction technologies.
“Almost 58% of the overhang was condominiums and apartments.
A good credit score broadens your loan options, gets you better terms such as faster credit approval, better interest rates and higher loan amounts.