Ahmad Maslan: Overhang residential units nationwide decline to RM18.41b end-2022

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PUTRAJAYA, April 14 — The number of unsold completed residential properties declined to 27,746 units worth RM18.41 billion as of the end of December 2022 compared with 36,863...

PUTRAJAYA, April 14 — The number of unsold completed residential properties declined to 27,746 units worth RM18.41 billion as of the end of December 2022 compared with 36,863 units worth RM22.79 billion at the end of 2021.

“Residential properties priced between RM500,000 and RM1 million accounted for the highest number of unsold units with 9,323 units valued at RM6.29 billion, or 33.6 per cent of the total unsold completed units,” he told the media after visiting the Valuation and Property Management Department today.

Ahmad said a report by the National Property Information Centre on completed residential units revealed that many affordable homes, namely, those priced below RM300,000, are still available.

 

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