Property market Q3,2020 snapshot


MALAYSIA’s total property overhang rose to RM50.17bil at of Sept 30,2020, according to a third quarter snapshot of the property sector by the National Property Information Centre.

The total property overhang was more than RM40bil in the same quarter a year ago, based on Napic’s third quarter 2019 report.

On the positive side, property transactions rose 7.4% for the third quarter to 89,245 units versus 83.085 units a year ago but value fell to RM33.78bil, or 2.4%.

An overhang is defined as units that have received their Certificate of Completion and Compliance but remain unsold for more than nine months after launch.

CLICK TO ENLARGECLICK TO ENLARGE

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

100% readers found this article insightful

Next In Business News

Geely Auto and Volvo Cars to launch powertrain venture after merger scrapped
Malaysia Airlines to introduce digital travel health pass
Rising aluminium prices lift Press Metal profits�
AEON Malaysia registers RM41.4mil net profit in FY20
AirAsia takes RM320mil hit due to Japan unit bankruptcy
Destini, KTMB in joint venture targeting rail MRO services
DRB-Hicom makes a net profit of RM554mil in FY20
Sunway joins global push for climate-related financial disclosures
Vitrox to expand capacity as Q4 revenue surges to new high�
Strong demand for steel products powers Prestar’s earnings

Stories You'll Enjoy


Vouchers