News about overhang

PETALING JAYA (Oct 21): Getting the government to buy over and convert unsold units into affordable housing is a good idea but such an exercise has to be properly implemented.

KUALA LUMPUR (Oct 13): The Government should consider purchasing and repurposing the unoccupied properties in matured areas and turn them into affordable housing to address two issues at one go, said the president of the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector of Malaysia (PEPS), Michael Kong (pictured).

The Covid-19 pandemic has given a push to the growth of e-commerce, with more and more conventional retailers shifting their presence online.

To many, the building of over-priced houses by “profit-seeking” developers has caused the aggravation of housing affordability in the country, thereby leading to a spike in the number of overhangs in the market.

It was recently reported that a vacancy tax on unsold properties may be imposed on property developers to reduce the overhang.

KUALA LUMPUR (Aug 19): The Housing and Local Government Ministry (KPKT) is formulating a tax that could be imposed on developers who fail to sell their properties as early as early next year, in an effort to reduce overhang of residential units in the country.

PETALING JAYA (May 1):  It is estimated that unsold Bumiputera units contributed to about at least 40% of the total residential property overhang units in Malaysia.

PETALING JAYA (May 1): The absorption of commercial-titled residences, mainly serviced apartments and SoHos, is posing a challenge to the market as seen from the significant increase in the number of overhang units of this property type in 2019.

PETALING JAYA (April 29): The residential property overhang and unsold residential property situation in the country improved last year (2019).

这可能是房市最吊诡的时候，因为在越来越难买得到房子的同时，却有越来越多建成的房子卖不出去。 所谓的已建竣滞销房屋（overhang），指的是那些在开卖后超过九个月仍未售出，且已兴建完成并获得完工与合格证书（CCC）的房子。 国家房地产资料中心（Napic）旗下大马未售产业查询系统（UPESM）数据显示，这类住宅房屋在2019年第三季累计数量增至50,008间，总值RM339.