Property overhang to remain high in 2021


KUALA LUMPUR: The number of overhang properties is expected to remain high in 2021 based on income level, locations and prices, according to Rahim & Co International Sdn Bhd.

Its research director Sulaiman Saheh referred to Rahim & Co's Property Market Review 2020/2021 which showed that three states, Johor, Selangor and Kuala Lumpur recorded the highest numbers of overhang properties at 33,000 units, 8,700 units and 7,800 units respectively.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business

Equity analysts, upgrade yourselves to ‘hold’
7-Eleven’s quarterly revenue climbs
Avaland seeks more land as 3Q profit jumps 48%
Pos Malaysia in for unfavourable business environment
SunCon prudently hopeful after strong showing
MSM Malaysia cautious on widening loss
Radium’s net profit up to RM4.8mil in 3Q
SimeProp seeks quality assets for recurring income
Property arm expected to lift SD Guthrie’s earnings
Dyson dials back Malaysia hairdryer ops, redeploys staff

Others Also Read