Overhang residential units decline to RM18.41b - deputy minister

The number of unsold completed residential properties declined to 27,746 units worth RM18.41 billion as of the end of December 2022 compared with 36,863 units worth RM22.79 billion at the end of 2021.

Deputy Finance Minister Ahmad Maslan said Johor maintained its position of having the highest number and value of unsold properties 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).

“Residential properties priced between RM500,000 and RM1 million...