Apr 19 2017, 11:42 AM
QUOTE(jothisdown @ Apr 19 2017, 11:32 AM)
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
[attachmentid=8745014]
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 marketThe 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
[attachmentid=8745014]
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