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 PROPERTY MARKET TO BE BADLY HIT IN 2018, Tekan the greedy sellers to the max!

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Vice Leong
post Nov 19 2017, 06:09 PM

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Taikors and sifus

Today I read in the Edge Prop about DBKl not approving new service appartments and condos > RM1m. And on Napic Q2 17 reports on WP KL unsold service apt and condos:

Overhang: total 644 units; >RM1m 349 units
Under con and unsold: total 7286 units; >RM1m 1583 units
Construction not yet started and unsold: total 6103 units; >RM 1m 193 units

What is the possibility for the >RM1m unsold units in KL to be absorbed by local and foreign buyers if indeed there are no new projects coming out in the next one or two years?
Vice Leong
post Nov 21 2017, 04:51 PM

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If indeed there is a freeze on approval of >rm1m condos, will it auger well for this segment especially in KL in the next one or two years? In KL there are only 349 overhang units under the >RM1m category.

 

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