Unsold 34,500 completed residential units in Malaysia total RM22bil


No takers: People viewing a model of a residential project at a property fair in Penang. Ironically, the states with the largest number of serviced apartments and SoHos – Johor, Kuala Lumpur and Selangor – have unsold stock of 29.12, 13.53 and 17.86, respectively. Penang has unsold stock of 33.12.

PETALING JAYA: The number of unsold completed residential units – including serviced apartments and small office, home offices (SoHos) – totalled 34,532 worth RM22.26bil for the first quarter of this year, the National Property Information Centre said in its latest report on Property Overhang Q1 2018.

These are cumulative figures from previous years.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , property , unsold , residential , office , units , SoHo , construction ,

Next In Business News

Tanco unit signs agreement with Ocean Bridge to operate Smart AI container port
Ringgit ends marginally lower against greenback
Resintech unit secures RM16 mil HDPE pipes contract in Cambodia
Ekovest, Lim Kang Hoo extend proposed CRSB acquisition to Jan 26
FBM KLCI breaks winning streak on profit-taking
China to rein in copper, alumina capacity expansion under next five-year plan
Record gold rally cools Indian buying; China discounts narrow
China's PBOC signals caution on rapid yuan gain as it nears key 7 mark
Asian equities eye strong weekly gains; Taiwan, S.Korea lead tech-driven surge
PETRONAS Gas announces revised RP3 gas tariffs

Others Also Read