Completed and unsold properties hit RM41.5bil

The bulk of the unsold units was contributed by high-rise units, Napic research data showed at a virtual launch of its Property Market Report 2019.

PETALING JAYA: The number of completed and unsold properties from all segments rose to RM41.5bil as at end-2019, with close to 57,000 units sitting on the books of developers, according to the National Property Information Centre (Napic).

More than 45% of the overhang in ringgit value was contributed by the residential housing of all classes, ranging from landed to high-rise units.