Unsold residential units at decade-high, says Bank Negara


Bede Hong

Malaysians want cheaper housing but developers are more interested in ‘prestige’ projects which are beyond the means of the average household. – The Malaysian Insight file pic, November 17, 2017.

THE number of unsold residential properties is at a decade-high, with a majority of units being in the RM250,000 and above price category, beyond the income of most Malaysians, said Bank Negara Malaysia in its quarterly bulletin published today.

The central bank also said the oversupply of office space and shopping complexes in the major states is expected to be exacerbated by incoming supply, potentially becoming more severe than during the Asian financial crisis.


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Comments


  • The stats proves that the "achievement" by Najib's UMNO in reality is really US Fed and China. The prices and ratios are similar to US, China even empty, unsold units like in China.

    Posted 4 years ago by Bigjoe Lam

  • Our leader is using future money, and so are the rakyat. We are almost certain the type of future we will have if no change is made to the leadership.

    Posted 4 years ago by Tanahair Ku