Property overhang to remain high in 2021

KUALA LUMPUR: The number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd.

Its research director Sulaiman Saheh referred to Rahim & Co's Property Market Review 2020/2021 which showed that three states, Johor, Selangor and Kuala Lumpur recorded the highest numbers of overhang properties at 33,000 units, 8,700 units and 7,800 units respectively.

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