While the number of unsold properties in Penang has dropped, it has increased significantly in many states, says state Housing Committee chairman Jagdeep Singh Deo.Sharing the latest statistics from the National Property Information Centre, he said Penang had 3,916 unsold properties in 2017 but it had slid back to 3,502 last year.
Jagdeep said besides Penang, Kedah’s unsold properties or its overhang also decreased from 3,783 units in 2017 to 3,311 last year. An overhang is defined as completed units that remain unsold nine months after their launch as well as after the issuance of their certificate of fitness. “Johor had 4,376 unsold properties in 2017, and last year there were 6,066,” he told reporters outside the Penang state assembly yesterday.
He said that in Perak, the number of unsold prpoerties was 2,276 in 2017 before going up to 5,367 last year, and in Selangor it was 3,713 in 2017 and 4,693 last year.“Even buyers from aboad are coming in.Tags / Keywords:
Source: Real Estate Daily Report (realestatedailyreport.net)
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