Overhang residential units drop to RM18.41bil as of Dec 2022

Overhang residential units drop to RM18.41 bil as of Dec 2022 FMTNews FMTBusiness

The number of unsold completed residential units declined to 27,746 units worth RM18.41 billion as of December 2022.

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 and Penang . The number of unsold completed residential properties priced below RM300,000 stood at 6,509 units worth RM1.34 billion, while unsold properties priced between RM300,000 and RM500,000 stood at 8,128 units valued at RM3.29 billion.

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