Malaysia

Unsold houses drop slightly to 30,290 units in Q3 2021, Dewan Rakyat told


Deputy Minister of Housing and Local Government Datuk Seri Ismail Abdul Mutalib said there is a drop in the number of unsold houses after some developers reduced prices or gave discounts to clear the overhang in supply amidst the uncertain economy. ― File picture by KE Ooi
Deputy Minister of Housing and Local Government Datuk Seri Ismail Abdul Mutalib said there is a drop in the number of unsold houses after some developers reduced prices or gave discounts to clear the overhang in supply amidst the uncertain economy. ― File picture by KE Ooi

KUALA LUMPUR, Nov 23 — A total of 30,290 units of completed houses worth RM19.75 billion nationwide were unsold as at the third quarter of this year, compared to 31,112 units worth RM20.1 billion in the second quarter, the Dewan Rakyat was told today.

Deputy Minister of Housing and Local Government Datuk Seri Ismail Abdul Mutalib said this showed a drop of 2.64 per cent in number and 1.74 per cent in value of unsold units in the third quarter compared to the second quarter based on the data from National Property Information Centre (NAPIC).

“Although not obvious, there is a drop in the number of unsold houses after some developers reduced prices or gave discounts to clear the overhang in supply amidst the uncertain economy.

“This is proven with the drop in the house price index in the third quarter (2021) to 198.6 points compared to the third quarter of 2020 at 199.9 points, representing a drop of 0.7 per cent,” he told a question-and-answer session.

He was answering a question from Datuk Ahmad Jazlan Yaakub (BN-Machang) on the number of unsold houses as of last September. — Bernama



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