Johor to engage with housing developers to overcome issue of 80,000 unsold properties

Consequently, prevailing median house prices are beyond the reach of most Malaysians. This is primarily attributable to a gross mismatch between housing supply and demand amid diverging expectations between households and developers.

JOHOR BARU: There is a glut of about 80,000 bumiputra properties statewide and the government hopes to engage developers to find ways to overcome this.

The properties, worth tens of millions of ringgit, comprises condominiums, apartments, shop lots, industrial lots and luxury houses.