Increase in Q1 industrial property market overhang

Association of Banks in Malaysia says first time home buyers must recognise the need to make sound decisions of their own affordability based on their financial circumstances.

DESPITE being considered one of the more “stable” sectors within the Malaysian property market, the industrial sub-sector is also seeing its fair share of overhangs.

According to the Valuation and Property Services Department’s (JPPH) in its latest Property Overhang report, the number of unsold completed industrial units totalled 1,047 worth RM1.65bil for the first quarter of this year.