KUALA LUMPUR – Glomac Bhd CEO and managing director Datuk Seri FD Iskandar has proposed that the government reintroduce the Home Ownership Campaign from two decades ago next year to reduce the number of overhang properties. During a press conference after Glomac’s annual general meeting today, he said a group…
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Residential Overhang in 2017 Highest Ever Recorded, Says MoF Division
KAJANG — The Valuation and Property Services Department (JPPH) of the Ministry of Finance Malaysia said the residential overhang was at its highest point to date in 2017, amid a 67.2% increase in the number of unsold completed units. The department said the residential overhang grew 67.2% to 24,738 units,…