KAJANG (Bernama): Condominium and apartment units priced between RM200,000 and RM300,000 dominate the list of property overhang in the country, mainly in Perak and Kedah.
KAJANG : Condominium and apartment units priced between RM200,000 and RM300,000 dominate the list of property overhang in the country,Hamzah said condominium and apartment units made up 43% of the total property overhang in the country, whereby a majority of these real estate were in the"affordable" range.
Property overhang units must not be confused with unsold stock. The government has defined overhang units as properties that are completed and issued with Certificates of Fitness for Occupation or Temporary Certificates of Fitness for Occupation, but remain unsold despite having been in the market for at least nine months.
Perak recorded the highest new launches with 4,557 units, capturing almost 20% of the national total, followed by Johor , Penang , Kuala Lumpur , and Selangor .
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