The property market experienced a correction in terms of pricing with more affordable housing launched in the first half of 2020 .
She said all property market activities across the board had decreased, leading to a major decline in the overall property sector. “In terms of pricing, properties priced RM300,000 and below in the residential segment are still capturing most of the market demand, which is why we should focus on having more affordable houses in this price range to allow the national aspiration to be achieved,“ she said.
On the overhang in residential units, she said in 1H2020, the number of unsold residential properties rose to 31,661 units worth RM20.03 billion, compared with 30,664 units worth RM18.82 billion in 2H 2019, most of which were high-rise residential properties.