Unsold homes spike over 1H19, says Napic

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KAJANG: Residential overhang continued to increase in the first half of 2019 (H1’19) though at a lower rate than last year.

According to the National Property Information Centre , bulk of the overhang units were condominium and apartment units priced between RM200,000 to RM300,000, mainly contributed by Perak.

“It is imperative for developers and the relevant authorities to ensure that the homes built are able to meet the demand of the location at a reasonable price to the buyers, ” he said. There were 99,922 transactions worth RM34.65bil recorded in H1’19, an increase of 6.1% in volume and 9.5% in value. The shop sub-sector dominated 53.4% of commercial property transactions and 46.3% of total value, recording 6,923 transactions worth RM5.8bil.

 

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