Non-Penangites can now buy affordable homes in state to address overhang
GEORGE TOWN (Jan 29): Non-residents of Penang are now allowed to purchase affordable homes in the state as the authorities here attempt to fix the “overhang situation”.
GEORGE TOWN (Jan 29): Non-residents of Penang are now allowed to purchase affordable homes in the state as the authorities here attempt to fix the “overhang situation”.
KUALA LUMPUR (Jan 29): The number of unsold homes in Malaysia has more than doubled, reaching a new high of 30,115 homes as at the third quarter of 2018 (3Q18).
KUALA LUMPUR (Jan 28): The first Home Ownership Expo which will showcase over 20,000 units overhang properties worth RM22.
PETALING JAYA (Jan 3): Blaming developers for the oversupply of unsold properties is due to a lack of understanding of market needs, says a developer.
PETALING JAYA (Jan 2): Penang State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said that the property market in Penang was still strong despite reports of overhang units.
KUALA LUMPUR (Dec 24): Compared to the same period last year, the property market has seen a 48.
PETALING JAYA (Nov 2): The growth of the construction sector is expected to slow down owing to the soon-to-be completed mega projects, coupled with the property overhang situation in the non-residential segment, said the Economic Report 2019 by the Ministry of Finance (MoF).
KAJANG (Oct 11) : The slow market absorption of properties has led to the increase in residential overhang which totals 29,227 units worth RM17.
PETALING JAYA (Sept 28): The Housing and Local Government Ministry (KPKT) is looking at absorbing properties – both on the primary and secondary markets – priced at below RM500,000 into its pool of one million affordable homes.
PETALING JAYA (July 11): The Housing and Local Government Ministry may seek to lift the current freeze on new luxury residential developments, prompted by signs that the economy is improving, said its minister Zuraida Kamaruddin.