Unsold completed residential units fall to RM18.41bil as at end-December 2022

The completed properties amount which unsold fell to 27,746 units worth RM18.41 billion at the end of December 2022. It is decreased from 36,863 units worth RM22.79 billion compare to previous year. 

Johor retained as the state with the most unsold properties and the greatest value (5,258 units worth RM4.33 billion), followed by Selangor (3,698 units worth RM2.74) and Penang (3,593 units worth RM2.74 billion).

For the greatest number of unsold units, accounting for 9,323 units valued at RM6.29 billion (33.6% of total unsold finished units). According to Deputy Finance Minister Datuk Seri Ahmad Maslan, the properties priced is between RM500k and RM1million.

Besides, for the properties priced below RM300k stood at 6,509 units worth RM1.34 billion, while unsold properties priced between RM300k-RM500k stood at 8,128 units worth RM3.29 billion.


Source: New Straits Times