With Rm42bil Homes Unsold Overhang To Remain High In 2021


 
Rahim & Co says there are no takers for more than 57,000 units of houses and apartments, particularly in Johor and the Klang Valley.PETALING JAYA: The property overhang in Malaysia has continued on an upward trend, with consultant firm Rahim & Co International expecting the market to remain challenging for the rest of the year.
Its research director, Sulaiman Saheh, said 57,390 homes, serviced apartments and Soho (small office home office) units worth RM42.49 billion were left unsold as of the third quarter of last year.
He said the majority of the overhang units comprised non-landed property, mostly located in Johor and in the Klang Valley.
“Part of this increase was due to the movement control, which was a big factor because people could not travel to offices to sign documents and complete their transactions,” he said at Rahim & Co’s Property Market Review 2020/2021 virtual briefing today.
Sulaiman said housing affordability had also contributed to the overhang, as prices were relatively high compared to the average Malaysian annual household incomes.
Rahim & Co International founder and executive chairman Abdul Rahim Abdul Rahman said property consultants have found it difficult to “close the gap between the property prices the buyers and sellers want”, which has been widened by the pandemic.
Rahim expected the property market to see little progress in the coming months, even after the movement control order is lifted, as the number of daily cases are still high.
He said the effects of the pandemic would likely last for at least another year, or until a vaccine was made available to the general public.
Meanwhile, chief executive Siva Shanker pointed out that the vaccine was not a “silver bullet” for the property market’s struggles, as the oversupply of residential units and office spaces had existed long before the pandemic.
“These problems were not caused by the virus, so they will not be solved by the vaccine,” he said, adding that office vacancies had fallen in the 70% bracket, the lowest in a long time.
However, Siva said a successful national vaccination programme would likely raise buyer sentiments, which may carry forward to 2022 and allow the market to recover slightly. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/01/with-rm42bil-homes-unsold-overhang-to.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Mu

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Get Through Mco 2 0 With Amazing Deals At Bookxcessonline Com Until 31 January 2021

Get Through Mco 2 0 With Amazing Deals At Bookxcessonline Com Until 31 January 2021

papar berkaitan - pada 24/1/2021 - jumlah : 332 hits
Get Through MCO 2 0 With Amazing Deals At bookxcessonline com Do you guys know that I really don t feel bored or lost nor feeling depress yet I am enjoying the days staying home during the first MCO and now MCO 2 0 is here again Not only du...
Indian High Commissioner Lauds Increased Trade With Malaysia Despite Covid 19

Indian High Commissioner Lauds Increased Trade With Malaysia Despite Covid 19

papar berkaitan - pada 27/1/2021 - jumlah : 261 hits
India s high commissioner to Malaysia Mridul Kumar says the two countries have become top trading partners globally KUALA LUMPUR India s exports to Malaysia in the first nine months of last year increased by 6 5 to US 4 6 billion compared w...
High Tea With Bread Lasagna Lasagna Roti

High Tea With Bread Lasagna Lasagna Roti

papar berkaitan - pada 20/1/2021 - jumlah : 384 hits
High Tea With Bread Lasagna Lasagna RotiYum yum Sedap sungguh ni Kita lihatbahan yang diperlukan untuk membuatnya
High Court To Hear Suit Seeking To Charge Hadi With Sedition

High Court To Hear Suit Seeking To Charge Hadi With Sedition

papar berkaitan - pada 20/1/2021 - jumlah : 197 hits
PAS president Abdul Hadi Awang is alleged to have made a seditious statement in the party organ Harakah against Christians KUALA LUMPUR High Court Judge Akhtar Tahir will hear a suit filed by two Sabahans who want the attorney general to pr...
External Trade To Remain Modest In 2021 Exports To Rebound By 2 7pct

External Trade To Remain Modest In 2021 Exports To Rebound By 2 7pct

papar berkaitan - pada 30/1/2021 - jumlah : 130 hits
Malaysia s external trade for 2021 is expected to remain modest with exports projected to rebound by 2 7 percent the International Trade and Industry Ministry said Senior minister Azmin Ali said the outlook for 2021 is expected to be better...
Landslide At Smk Kuching High Covered With Tarpaulin No Further Soil Movement Observed

Landslide At Smk Kuching High Covered With Tarpaulin No Further Soil Movement Observed

papar berkaitan - pada 13/1/2021 - jumlah : 238 hits
A screengrab from a video that shows the landslide that occurred near SMK Kuching High KUCHING The Fire and Rescue Department has responded to a landslide that was reported near SMK Kuching High at around 4pm today At the scene were fi
Palm Oil Prices Expected To Reach A Nine Year High In 2021

Palm Oil Prices Expected To Reach A Nine Year High In 2021

papar berkaitan - pada 22/1/2021 - jumlah : 207 hits
Malaysian palm oil production is expected to increase by 2 4 later this year PETALING JAYA Palm oil prices have been forecast to reach an average of RM2 800 per tonne the highest since 2012 compared to RM2 685 per tonne last year A Reuters ...
Covid 19 Record High 5 728 Cases Selangor Tops List With 3 825

Covid 19 Record High 5 728 Cases Selangor Tops List With 3 825

papar berkaitan - pada 30/1/2021 - jumlah : 276 hits
KUALA LUMPUR Jan 30 The Health Ministry reported a record high of 5 728 new cases of Covid 19 three more than yesterday s new high and 13 deaths in the past 24 hours Selangor once again recorded the highest daily case at 3 285 cases followe...
Rasa Masakan Korea Soondubu Jigae Beef Di Dubuyo

China S President To Host Official Dinner For Anwar

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz

Unlocking Savings Expert Tips For Finding Discounted Cigarettes In Australia

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design

India Secebis Kenangan Di India Random Photos

Anwar Slams Hypocritical Criticism Over His Response To Najib S Apology


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Sayonara Iza Arina

Build A Strong Team For A Startups

Simple Menu Untuk Dinner

Lirik Lagu Pendam Rasa Evanatie

Kolaborasi Skin Hero Mobile Legend X Naruto Spipudden

Filem Babah