In its Property Market Report 2018, JPPH said high rise units formed the bulk of the overhang units, representing 43.4% of the total.Meanwhile, unsold, unconstructed units also increased year-on-year to 19,865 units, up by 57.3%.JPPH said the residential sector saw 197,385 transactions worth RM68.75bil recorded in 2018, an increase of 1.4% in volume and 0.4% in value.
To address the country’s home ownership and overhang dilemma, the government has announced a number of initiatives in conjunction with the six-months Home Ownership Campaign , such as the exemption of stamp duties residential units priced between RM300,000 and RM1mil. For houses sold above RM1mil to RM2.5mil, stamp duty exemption applies for the first RM1mil, and the rest will be charged at 3%.
Loan not approved
👏🏻
LimSiChing The bubbles gonna be bursting soon!
Emulate Switzerland. No new projects until all unsold unit backlogs are sold.
amanfirdaus Hajat nk beli rmh.. usha2 perumahan berhampiran dengan rmh sewa.. RM570K harga nya.. Alhamdulillah rmh kat johor harga yahudi.
People can’t afford to buy properties, they are too expensive. Dah la size kecik. Kualiti out. 😕
People buy to stay in affordable homes not for investment or rent out purposes.
T.O.O E.X.P.E.N.S.I.V.E Low cost housing should be top priority!
holding cost
Some people see Crises, do you see opportunity?
Just let the market decide?
The main problm is non disposable income. Even if the house price is high, people will find their way to buy a house.
Tak mampu laa. Contoh paling terok PKNS. sepatutnya help out rakyat tapi rumah dari pemaju PKNS paling mahai. Hmm
Demand is affected too by location, not just price or taxes. Imagine the travel time of people staying in Klang but working in KL.