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.