{"id":3183,"date":"2019-05-30T04:22:29","date_gmt":"2019-05-30T04:22:29","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3183"},"modified":"2021-06-04T14:26:28","modified_gmt":"2021-06-04T07:26:28","slug":"johor-has-most-unsold-homes-in-malaysia","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/johor-has-most-unsold-homes-in-malaysia\/","title":{"rendered":"Johor has most unsold homes in Malaysia"},"content":{"rendered":"<p>Residential property overhang worsens in Malaysian state<\/p>\n<figure id=\"attachment_3185\" aria-describedby=\"caption-attachment-3185\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3185\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_742465069.jpg\" alt=\"\" width=\"1000\" height=\"562\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_742465069.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_742465069-300x169.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_742465069-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3185\" class=\"wp-caption-text\">Johor Bahru. Muhammad Syahid\/Shutterstock<\/figcaption><\/figure>\n<p>Johor has accumulated 6,066 completed but unsold residential properties over the last two years, the highest of any state in Malaysia, <a href=\"https:\/\/www.thestar.com.my\/news\/nation\/2019\/05\/05\/johor-has-the-most-unsold-properties-in-the-nation\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Star<\/a> reported.<\/p>\n<p>The unsold units have a combined value of MYR4.068 billion (USD953.2 million), with almost 60 percent of the homes priced at MYR500,000 and above, reported State Housing, Communications and Multimedia Committee chairman Dzulkefly Ahmad.<\/p>\n<p>\u201cHigh-rise properties, priced at MYR500,000 and above, make up 35.25 percent or 1,278 of the unsold units,\u201d Dzulkefly noted on the sidelines of the Johor Affordable Housing open voting ceremony in Persada International Convention Centre this week.<\/p>\n<p>Perak has the second highest number of unsold homes among Malaysian states with 5,357 units worth MYR1.632 billion still on the market.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/malaysias-mid-income-housing-scheme-undergoing-transformation\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Malaysia\u2019s mid-income housing scheme undergoing transformation<\/strong><\/a><\/p>\n<p>Although Selangor is third with 4,693 unsold homes, the units have a bigger combined value than those in Johor or Perak: MYR4.2 billion.<\/p>\n<p>Penang has the fourth highest number of unsold units (3,502), valued at MYR3.088 billion, followed by Kedah with 3,311 units (MYR889.54 million).<\/p>\n<p>The figures should motivate developers to launch more units below the MYR500,000 pricing threshold, said Dzulkefly.<\/p>\n<p>\u201cDevelopers need to analyse the current property market in the state before building to reduce the overhang,\u201d he said.<\/p>\n<p>The volume of\u00a0overhang homes in Malaysia stood at 32,313 units with a value of MYR19.86 billion in 2018, up from 24,738 units in 2017, according to the National Property Information Centre (NAPIC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Residential property overhang worsens in Malaysian state\u00a0<\/p>\n","protected":false},"author":8,"featured_media":20090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[261,262,260,125],"class_list":["post-3183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-iskandar","tag-johor","tag-johor-bahru","tag-malaysia","news_country-malaysia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Johor has most unsold homes in Malaysia | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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