Recent data from the National Property Information Centre (Napic) has exposed a profound structural contradiction in Malaysia’s residential property market. Far from a simple housing shortage, the nation is wrestling with a growing property overhang that highlights a widening disconnect between developer-led supply and the realities of household purchasing power.
According to Napic, a total of 14,201 completed residential units worth RM2.77bil remained unsold as of the first quarter of this year.
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