In Malaysia over 80% of unsold houses cost above RM250k
Living in a Malaysia is no easy task today, as property prices have been increasing exponentially over the recent years and it looks like more and more Malaysians can’t afford to buy a home for themselves. In the latest financial stability review for the first half of 2018 released by Bank Negara Malaysia (BNM), they highlighted that the property glut in the market has caused an imbalance, The Edge Markets reported. Today there's an oversupply of properties with not enough buyers who can afford to buy them due to staggering prices is the main reason for this issue as BNM says that the demand for affordable housing is still there. According to Malay Mail, as of end-March, the number of unsold housing units increased to 146,196 units with more than 80% of unsold units priced above RM250,000. “Excess supply of office space and shopping complexes is also expected to persist as vacancy rates deteriorated further in the first quarter of 2018. Neve...
