BFM 89.9
The Business Station
How Will The Government Address Our Property Overhang?
13 mins·08:30, 14 Feb 2023
How Will The Government Address Our Property Overhang?
13 mins
·
08:30, 14 Feb 2023
·
Recommended
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23 mins
Guest: Pankaj C Kumar, Business Commentator
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.
Presenter: Chong Tjen San, Shazana Mokhtar, Wong Shou Ning
Producer: Sim Wie Boon, Chong Tjen San
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