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Wednesday, April 4, 2018

GLUT ALREADY, YET M’SIAN DEVELOPERS LAUNCH THE HIGHEST NUMBER OF PROPERTIES IN RECENT TIMES, IN 2H17

PETALING JAYA – Malaysian property developers launched the highest number of properties seen in the last few years, in the second half of 2017 (2H 2017), with 15,082 units going into the market compared with 9,089 units launched in the first half of 2017 (1H 2017).
Real Estate and Housing Developers’ Association Malaysia (Rehda) president Datuk Seri FD Iskandar said the number of launches is the highest in the last few years.
“In 2H 2017, 34% of respondents had launches compared with 31% in 1H 2017. A total of 15,082 units were launched with a 45% sales performance,” he said at a briefing on Rehda’s Property Industry Survey 2H 2017 today.
The survey, based on responses from 200 Rehda members in Peninsular Malaysia, revealed that residential and commercial properties saw significant increase in the number of launches.
The residential segment saw a hike of 68% in number of units launched while the commercial segment saw a 21% hike.
– Sundaily

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