https://www.ft.com/content/4679f04d-d72b-46...8d-910ffac41b62

“Rents in general have fallen by about 25 per cent since their 2014 peak. The biggest condo apartments — the 4,000 sq ft, five-bedroom units that were dependent on expat families on large relocation packages — have probably seen prices come down by 50 per cent.”

Unfortunately not yet

Just updating the numbers

Year - number of overhang residential units
2017 - 24k units
2018 - 32k units
2019 - 48k units
2020 - 57k units
2021 - 64k units (184k total unsold)
2022 - still waiting for data

More supplies to come!

Source:
https://www.thestar.com.my/business/busines...that-never-pops

"despite the massive amount of overhang that we see in the service apartments and Soho segments, developers remained optimistic to build even more of them and future supply is expected to be more than the current inventory"


Think thrice before invest into properties

Already dropping since 2014-2016. Maybe they just didnt study enough and got duped by "gurus"