Perak Reports 4,161 Unsold Properties in 2024, Developers Urged to Conduct In-Depth Market Studies

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Real Estate News

Perak,Unsold Properties,Real Estate

A total of 4,161 housing properties in Perak were unsold in 2024, according to data from the National Property Information Centre. State Housing and Local Government Committee Chairman Sandrea Ng Shy Ching urged developers to conduct more in-depth market studies to identify the type of housing needed and ensure reasonable pricing.

State Housing and Local Government Committee chairman Sandrea Ng Shy Ching said developers should conduct more in-depth market studies to identify the type of housing needed and ensure the prices offered are reasonable to address the issue of unsold properties. — Bernama picas a first-time user .

“It is crucial to be sensitive to these factors to ensure a balance between housing demand and supply and to avoid unsold properties in the future,” she said. Ng said the state government, through the Perak Housing and Property Board , has taken immediate measures to address the issue. Ng also noted that there is currently no detailed mechanism to collect data on the number of housing projects sold by districts and house types.

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