Without sufficient population growth, the demand for property will slow down. Not in the immediate future but the need for more properties will not be realised.
Serviced apartments wise, KL has 60,441 of its existing units with 31,455 incoming units and 82,057 planned units. KL has a total of 4,731 units under overhang status worth RM4.6 billion. There are also 63,328 existing serviced apartments; 23,666 incoming and 58,279 planned units of serviced apartments.
Based on the ratio of existing supply of homes versus population, the ratio is three to a home. The number of homes to population ratio is lower than Selangor and Johor and closer to Kuala Lumpur.Sabah has 3.9 million people. It has a total of 226,912 housing units, including 216,232 existing; 25,652 incoming; and 22,422 planned supply of residential properties. It has 1,215 existing serviced apartments, with 350 incoming and 1,041 planned units.