PublishedA general view of a building under construction in Kuala Lumpur November 1, 2018. — Picture by Shafwan Zaidon
“The indicators of overhang property are important to ensure that the housing supply is consistent with the demand, while the mismatch issue can be minimised. Amiruddin urged developers to build houses that caters to the demand of buyers in terms of the property type, location and price range. Amiruddin said the residential subsector alone contributed 32,810 units worth RM19.76 billion to the overhang, while the shop subsector overhang contributed 5,760 units valued at RM4.98 billion.
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Haih. Averages really do not tell the whole picture is it?