Unsold commercial properties worrisome - BNM

The number of unsold properties has seen a respite amid the government’s Home Ownership Campaign (HOC) except for the commercial market, as it remains worrisome amid the new norms, Bank Negara Malaysia (BNM) governor Nor Shamsiah Mohd Yunus said.

“The amount of unsold properties is still very high. It is about 170,000 units but it has been coming down but the level is still very high. The HOC that the government has introduced last year has helped clear some of these unsold units,” she said.