‘Option to Purchase’ planned to rescue housing projects
With many sick and abandoned housing projects causing problems to buyers, the government is...
Johor retained its position as the state with the most unsold properties and the greatest value, with 5,258 units worth RM4.33 billion, followed by Selangor (3,698 units: RM2.74 billion) and Penang (3,593 units: RM2.74 billion).
Johor retained its position as the state with the most unsold properties and the greatest value, with 5,258 units worth RM4.33 billion, followed by Selangor (3,698 units: RM2.74 billion) and Penang (3,593 units: RM2.74 billion).
The number of unsold completed residential properties priced below RM300,000 stood at 6,509 units worth RM1.34 billion, while unsold properties priced between RM300,000 and RM500,000 stood at 8,128 units worth RM3.29 billion, he said after a recent visit to the Valuation and Property Management Department (JPPH).
According to him, the National Property Information Centre's data on completed residential units highlighted that many affordadale houses, particularly those priced below RM300,000, are still accessible on the market.
He said that among the causes contributing to the significant number of unsold completed units were people's ability to acquire houses and a supply of houses in regions that did not satisfy demand.
Only Melaka, he said, was able to equal the ratio of affordable dwellings to buyer purchasing power.
Only Melaka, he said, was able to equal the ratio of affordable dwellings to buyer purchasing power.
