MALAYSIA’S residential property overhang eased slightly in the third quarter of 2021 on a year-on-year basis, with many attributing the reduction in unsold properties to the nationwide Home Ownership Campaign (HOC).
According to the National Property Information Centre (Napic), there were 30,290 unsold completed residential units (overhang) worth RM19.75bil as at September 2021, compared with 30,926 units worth RM19.99bil in the previous corresponding period.
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