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Unsold Residential Units Rising Up
By Asia Pulse

7/4/2001 1:30 am Sat

[Ada banyak cara untuk mengukur sihat atau sakitnya ekonomi - salah satu darinya sektor hartanah yang tentunya akan mengheret institusi perbankan bila gagal dijual. Ia juga petanda apakah rakyat memang senang sebagaimana yang sering digambarkan.

Jangan bilang berapa banyak bangunan - tetapi bilang berapa banyak yang berpenghunikan orang. Lagipun ada banyak benda dalam bangunan yang kosong memanjang ...... termasuk aktiviti haram. - Editor]

Thursday, April 5 6:27 PM SGT

Unsold Residential Units in Malaysia up at End of Dec 2000

KUALA LUMPUR, April 5 Asia Pulse - The total number of unsold properties in the residential sector increased 12.35 per cent to 51,348 units at the end of December, from 45,705 units at the end of June.

In terms of value, the increase was 5.61 per cent or RM350.91 million [US$92.3 million] to RM6.61 billion, said the Valuation & Property Services Department in a report on property overhang.

Terraced houses which remained the most popular types of housing, formed the highest units unsold with 20,743 units or 40.4 per cent of the total, while condominiums and apartments stood at 8,676 units or 16.9 per cent of the total, it said.

Almost half of the total unsold properties were located in Johor [12,550 units] and Negeri Sembilan [12,379 units], it said.

The value of unsold residential units in the two states accounted for 52.22 per cent of the value of the unsold units, with Johor contributing RM1.8 billion and Negeri Sembilan RM1.65 billion, it said.

Several states recorded decreases in the number of unsold units, it said.

Among them, Kuala Lumpur has the highest reduction in unsold units with 1,698 units, followed by Melaka [1,170], Pulau Pinang [892] and Perak [531].

On commercial units, the department said the number and value of unsold shop units were up by 25.35 per cent and 10.44 per cent, respectively to 7,507 units worth RM2.1 billion at the end of December compared with 5,989 units worth RM1.91 billion at the end of June.

Johor has the highest number of unsold shop units at 2,274 units followed by Negeri Sembilan [1,123], Selangor (968) and Pulau Pinang [950].

Pahang recorded the highest reduction of unsold units with 115 units, followed by Kuala Lumpur with 65 units and Perak 36 units.

The vacant purpose built office space in the country registered a 10.96 per cent increase to 2,466,870 square metres at the end of year 2000, from 2,223,193 square metres at the end of the first half of 2000.

Vacant retail space in the country increased 2.29 per cent to 1,462,298 square metres but in terms of value, registered a 19.63 per cent drop to RM10.2 billion.

In the industrial sector, the number and value of unsold units increased by 33.28 per cent and 74.16 per cent, respectively to 3,196 units worth RM1.11 billion at the end of 2000, from 2,398 units worth RM640 million six months earlier.

The overhang stock was located mainly in Johor [24.75 per cent], Melaka [19.46 per cent], Negeri Sembilan [14.27 per cent], Pulau Pinang [8.29 per cent], Selangor [8.19 per cent], Kedah [7.57 per cent] and Sarawak [6.95 per cent].

(Bernama)