PETALING JAYA (Jan 30): To resolve the property supply and demand mismatch in Malaysia, Khazanah Research Institute (KRI) director of research Dr Suraya Ismail opined that housing prices just need to be within the average wage earners’ affordability level.
GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.
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.
PETALING JAYA (April 17): The residential overhang in Penang (pictured) more than doubled to 3,916 units worth RM3.