How Will The Government Address Our Property Overhang?
Pankaj C Kumar, Business Commentator
14-Feb-23 08:30
Embed Podcast
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Close
Malaysia's property market continues to face headwinds. An issue which is seldom focused on is the level of property overhang in Malaysia. According to the National Property Information Centre (Napic), the residential overhang at the end of 3Q22 stood at 30,000 units worth RM20 bn. More worrying is Napic's revelation on ageing of the total overhang numbers where 71% of the properties have not been sold for the past 5 to 10 years. What does this mean for the state of developers' balance sheets as inventory has to written down and what sort of policies should the government be looking at to address this? For insights, we speak to Pankaj C Kumar, Business Commentator.
Produced by: Sim Wie Boon, Chong Tjen San
Presented by: Chong Tjen San, Shazana Mokhtar, Wong Shou Ning
This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.
