Include vacant property in market analyses

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The current system represents only property overhang and ignores market supply.

The National Property Information Centre has said that the number of unsold homes in Malaysia reached a new high of 30,115 units, amounting to RM19.54 billion in 3Q18.

Unfortunately, we don’t have RVR in Malaysia. I believe it is timely for Napic to provide the information on RVR instead of just overhang numbers. It will help developers, banks, property consultants, homebuyers and investors to make better decisions by understanding the current demand and supply situation.

 

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