How does the unsold housing rate compare to the previous quarter?

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Unsold Housing Units Show a Slight Decrease in Q1 2020 Compared to Q4 2019

In the first quarter of this year, Malaysia recorded 29,698 unsold completed housing units, a figure lower than the 30,664 units reported in the preceding quarter. These unsold units represent a value exceeding RM18 million of the 127,604 units launched during the period.
Unsold Inventory Reduction

The total number of unsold completed houses in the first quarter of 2020 stood at 29,698. This marks a reduction from the 30,664 unsold units that were recorded in the fourth quarter of the previous year.
Value of Unsold Properties

The 29,698 unsold units launched in the first quarter of this year carried a combined value of over RM18 million. This inventory represents a portion of the 127,604 housing units that were made available to the market during that same period.
Contributing Factors to Unsold Stock

Among the identified reasons for the unsold units are the inability of potential buyers to afford properties at market prices and a lack of an integrated system to effectively match housing supply with demand based on specific locations. These challenges contribute to the persistent issue of unsold housing stock.

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How does the unsold housing rate compare to the previous quarter?

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