Weekly Industry News

Rehda sells RM14.65b worth of properties during HOC, surpassing sales target

Weekly Industry News

THE Real Estate and Housing Developers Association Malaysia (Rehda) has sold RM14.65 billion worth of properties during the Home Ownership Campaign (HOC).

According to Rehda, 19,784 units have been sold as at Sept 13 this year.

Rehda said the sales figure has surpassed its minimum RM3 billion sales target for the campaign.

This figure excluded units below RM300,000 and properties above RM2.5 million.

Rehda president Datuk Soam Heng Choon (picture) said the recorded figures were actual sales achieved by developers, from buyers whose loans were approved with stamp duty exemptions.

“In terms of value, a big chunk of it is for properties below RM1 million, while the remaining is RM1 million to RM2.5 million. The biggest demand is actually for properties between RM500,000 and RM750,000.

“Selangor tops the sales volume with 8,269 units, which does not surprise us. The housing demand in Selangor and Kuala Lumpur (KL) should be the in the top,” Soam said at the Rehda Property Industry Survey for the first half of 2019 (1H19) briefing in Petaling Jaya yesterday.

Media Title:  The Malaysian Reserve

Date: 27 Sep, 2019

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