Weekly Industry News

As loan moratorium ends, developers say property overhang won`t worsen

Weekly Industry News

The Real Estate and Housing Developers’ Association (Rehda) does not expect the ending of the six-month moratorium on loan repayments, effectively from midnight, to worsen the residential property overhang.

The National Property Information Centre last week noted that the residential property overhang in the first half of this year worsened to nearly 32,000 units valued at RM20 billion, an increase of 3.3% from the end of last year.

Media Title: Borneo Post (KK)

Date: 01 Oct 2020

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