Weekly Industry News

Developers baffled by overhang

Weekly Industry News

Developers are scratching their heads as to why the most affordable units priced RM300,000 and below form the largest segment of total unsold residential units.

Real Estate and Housing Developers’ Association (Rehda) Malaysia vice-president Zulkifly Garib (pic) said: “The overhang is an accumulation of many years. We need to understand the kind of products that comprise the overhang.

He said developers have sought the Valuation and Property Services Department and the Selangor Housing and Property Board to understand the residential overhang better.

Media Title: The Star

Date: 01 Oct 2020

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