Solving the residential housing overhang problem

Citing the National Property Information Centre (NAPIC) data, it said the secondary property market makes up about 80 per cent of all residential property transactions in the country, compared to around 20 per cent of new properties (the primary market).

THE recent budget saw the Pakatan Harapan government announcing several measures addressing issues facing the local property sector.

Among the more talked-about is the crowdfunding peer-to-peer platform to help ease the overhang facing the country. Whether this alternative to finance housing will help, only time will tell as more details filter out over the next couple of weeks.