Tackling Malaysia’s Property Overhang in the Low-Cost Flats and Low-Medium Cost Apartment Sectors
The Consumers’ Association of Penang (CAP) is concerned about the persistent property overhang and the continued pursuit of further construction of both residential and commercial buildings. As of 2024, Malaysia’s residential property market remains under significant strain from a persistent property overhang, with 22,642 unsold completed units nationwide, valued at RM14.24 billion. The...
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