Value of residential overhang down in Q1

According to Napic, a total of 127,604 units were launched in the first quarter of this year, compared with 120,309 units in the previous corresponding period. However, the level of unsold units was lower at 29,698 in the first quarter of 2020, compared with 32,936 units in the first three months of 2019.

PETALING JAYA: The value of completed and unsold properties from all segments dropped 5.3% year-on-year to RM18.91bil in the first quarter of 2020, despite more units being launched during the period, according to the National Property Information Centre (Napic).

According to Napic, a total of 127,604 units were launched in the first quarter of this year, compared with 120,309 units in the previous corresponding period.