Weekly Industry News

Move to reveal overhang details runs into barriers

Weekly Industry News

The government has looked into various measures to reduce the country’s ballooning number of unsold completed property units but these measures were not embraced by some, like Bank Negara and Real Estate Housing Developers’ Association (Rehda).

National Property Information Centre (Napic) director Aina Edayu Ahmad said that over the years, there has been a proposal to publicise the unsold completed units, their pricing, the number of units, right down to the location of the schemes in the Napic portal.

“The data that we have are from the developers themselves.

Media Title: The Star

Date: 14 Oct 2020

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