Weekly Industry News

Housing Issues Complex and Need Time to Resolve

Weekly Industry News

The housing issues, be it in the affordable segment, the large number of unsold units and the oversupply of certain categories, are extremely “complex” and “will take time to solve,” the Real Estate and Housing Developers’ Association Malaysia (Rehda) said.

Its president Datuk Seri Fateh Iskandar Mohamed Mansor said as Pakatan Harapan has won most states, “they can start where they are already the state governments” to solve the issue.

Pakatan Harapan won all states except Kelantan, Terengganu, Pahang, Perlis and Sarawak in the 14th general election (GE14).

He said “a good place to start” would be the unsold housing stocks, numbering some 24,738 units worth RM15.6bil at the end of 2017, a more than 60% rise compared with 14,792 units valued at RM8.56bil in 2016.

Media Title: The Star

Date: 15 May 2018

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