Weekly Industry News

KPKT to provide real-time data on residential glut

Weekly Industry News

THE Housing and Local Government Ministry (KPKT) will be conducting a study and analysis on the state of supply and demand of residential projects to address the property glut in the country.

Minister Zuraida Kamaruddin (picture) said the study will begin in the first quarter of 2021 and the data will be used as a guideline in drafting more comprehensive policies at the federal and state levels.

“There is a heavy overhang in residential property caused by poor planning of projects and unsuccessful housing loans.

Media Title: The Malaysian Reserve

Date: 26 Nov 2020

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