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 Oversupply is just beginning, Residential stock data for the 4Q 2016

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TSjothisdown
post Apr 19 2017, 11:32 AM, updated 9y ago

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Data speaks for itself. Source: NAPIC

The market overhang will continue. Incoming super high density developments (2-3K units) will add to the stock like never before. Developments like United Point, Riana Dutamas, Era Duta North, Maju KL, KL traders square, Maxim city light, Sentul Point, RUMAWIP, Aset Kayamas many projects and many others will only be completed around ~2021. For the overhang to clear, this will probably take a few more years.

Mind you, the data showed here are for the 4Q of 2016, We've seen in the 1H of 2017 many new launches with similar super density style. Can't wait for the incoming data by NAPIC to see what will happen.

Opinions anyone??

Data below are for Apartments/Condominiums alone

Q4 2016: WP KL stock figures


Existing Stocks: 164419
Completion: 4024
Incoming Supply: 39755
Under Construction: 30091
Planned Supply: 42783


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This post has been edited by jothisdown: Apr 19 2017, 11:39 AM
TSjothisdown
post Apr 19 2017, 08:21 PM

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why is this parked under property Q&A? it should be discussed on the main wall for property talk no?
TSjothisdown
post Oct 22 2017, 03:29 PM

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QUOTE(mthc @ Apr 19 2017, 11:42 AM)
To be fair also why don't you include how much houses WP needs to cater to the need (not demand). It goes back to affordability issues hence more and more affordable houses are invading the market
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Best is probably to look at nett household creation for KL to proxy for demand.. But I don't have access to the figure. What I do know however is that nett migration for KL is negative. Pop pop pop

 

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