All-time high of 25,000 residential properties still unsold

http://www.freemalaysiatoday.com/category/nation/2018/04/18/all-time-high-of-25000-residential-properties-still-unsold/ 18th April, 2018

A total of 24,738 completed residential units were left unsold last year – the highest ever recorded.

The Valuation and Property Services Department said 2017 saw a 67.2% year-on-year (y-o-y) increase compared with completed and unsold residential properties in 2016.

At the same time, the value of these overhang units jumped 82.8% y-o-y to RM15.64 billion in 2017.

The department defines overhang as unsold completed units that have been in the market for more than nine months after launch.