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.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business

Wall St Week Ahead: Investors brace for tech earnings
Oil ends week lower on China demand fears
Wall St settles higher on inflation data, tech stocks
KL Metro to build RM1.6bil five-star resort in PD
Picking up speed
Undoing the 5G monopoly
ESG reporting standards must be elevated
On the up and up
Can Hong Kong make stablecoins safer?
Fed rate-cut outlook limits forex volatility

Others Also Read