It could be one of the most bizarre situations in the housing industry. On one hand we have many people who find it difficult to own a home, while on the other hand we have completed but unsold homes piling up in the market. The Malaysian property sector has been nursing a hangover over the property overhang.
Defined as units that have received their Certificate of Completion and Compliance but remain unsold for more than nine months after launch, the number of these overhang units is growing like a rolling snowball.
Media Title: The Edge Financial Daily
Date: 31 Jan 2020