Weekly Industry News

Overhang property precipitate developers` hangover

Weekly Industry News

Real Estate & Housing Developers’ Association, Malaysia (REHDA) president Datuk Soam Heng Choon has expressed his concern on the increasing number of unsold bumiputera units in the country.

“The unreleased bumiputera lots contribute to about 40% to 50% of the country’s overhang numbers… Everybody needs to play their roles in trying to resolve this issue. The state government controls the release of unsold bumi lots, so the state government needs to come in and help the situation,” he said at a recent press conference.

Media Title: The Star

Date: 18 Dec 2020

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