Unsold completed residential properties increase by 48%


PETALING JAYA: Malaysia is entering 2019 with unsold completed residential units rising to 30,115 units as at Sept 30, 2018, an increase of 48.35% from the 20,304 units a year ago.

According to the Valuation and Property Services Department’s (JPPH) latest figures released on Saturday, the total value was RM19.54bil, a 56.44% rise from RM12.49bil a year ago. Should serviced apartments and small offices home offices (SoHos) be included, the overhang value rose to 40,916 units, valued at RM27.38bil.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , property

Next In Business News

Mixed outlook for Swift Haulage earnings potential
Gold and silver jump to record highs on Greenland tariff threats
Japan bonds slump as food tax cut talk adds to election risk
Lianson Fleet set for improving earnings visibility
Advance GDP signals stronger end to 2025
Growing market liquidity poised to buoy Nestle�
Recovery in glove sector ongoing but threats linger
EU weaponising US assets a risk, Deutsche Bank’s Saravelos says
Iran’s real oil risk is labour strikes, not bombs
Genting Plantations earnings to face setback

Others Also Read