Just how bad is the effect of unsold units of holding inward Malaysia. We hit got virtually 22,000 units valued at RM22.5bn. Now that averages to a pretty high RM1,022,700. Somewhere the logic does non come upwards through. At the upcoming "fair" virtually a quarter which volition survive offered for sale volition survive below RM300,000. Those at RM1m together with inward a higher house may uncovering real few takers. Those below RM500,000 may run across the amend interest. All up, it would survive difficult to run across a clearance charge per unit of measurement of to a greater extent than than 30%.
Meanwhile, a to a greater extent than sobering figure showed that unsold units for the kickoff one-half of 2018 stood at 29,227... together with that is non accounting for the almost 100,000 uncompleted units coming onto the market. Hence nosotros could survive looking at unopen to 60,000 unsold units assuming the upcoming uncompleted units were solely 70% sold. That existence said, the upcoming "fair" piece laudable, is nevertheless a footstep likewise brusk from solving the issue. The holding marketplace position should survive inward the doldrums for at to the lowest degree some other 3-4 years minimum.
To lay things inward perspective, South mainland People's Republic of China Morning Post already lay upwards a huge alert headline for HK holding investors owing to unsold units. They are alert a coming glut of unsold properties there. Their figure, hold off for it: 3,295.
It is non apples vs apples but still, HK is already shitting bricks alongside 3,295 unsold units. Plus they hit got a much larger base of operations of unusual investors. While our population mightiness survive much larger, it is sure non 20x bigger than HK.
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