Home overhang rises

PUTRAJAYA: The slow market absorption has led to an increase inĀ  residential overhang of 20,867 units worth RM12.26 billion, a 40% growth in overhang volume against the first half of 2016 (1H16). The bulk of the overhang units comprise condominiums and apartments priced between RM500,000 and RM1 million, according to the Valuation and Property Services Department (JPPH) during the Preliminary Property Market 2017 briefing yesterday.

Source: Home overhang rises

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