KUALA LUMPUR (March 15): Malaysia's residential property overhang units dropped below the 30,000-mark for the first time in two years in 2022 amid strong growth charts in total transaction volume and value in the property market. A total of 27,746 overhang units were recorded in 2022, declining by 24.7% year-on-year (y-o-y) compared with 36,863 units in 2021. Total overhang value also shrank 19.2% y-o-y to RM18.41 billion, from RM22.79 billion during the same period, according to the National Property Information Centre (Napic) in its Property Market Report 2022 released on Wednesday (March 15).

http://klse.i3investor.com/web/blog/detail/savemalaysia/2023-03-15-story-h-276100564-Malaysia_s_overhang_residential_units_dip_below_30_000_for_first_time_i

#i3investor