Weekly Industry News

Overhang value exceeded 600% over five years

Weekly Industry News

OF late, there have been calls from different quarters appealing to the government to reduce the pricing threshold of properties that foreigners are allowed to buy.

The call is a result of a growing number of completed but unsold units in the country.

Over a five-year period between 2014 and the end of 2018, the number of unsold completed residentials grew from 11,816 units to more than 45,000 units by the end of 2018, including serviced apartments and small offices home offices (SoHos).

Media Title: The Edge Financial Daily

Date: 28 Jun 2019

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