Johor records highest property overhang in Q12020

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According to the National Property Information Centre, Johor has the highest number of unsold completed properties in the country.PUTRAJAYA: According to the latest property market transaction data for 2019 to Q12020 by the National Property Information Centre (NAPIC), Johor has recorded the highest number of unsold completed properties in Malaysia with 5,468 units, making up 18.4% of overhang to date. Out of these overhang units in the state, 1,711 are condominium units or apartments and 2,086 are two to three-storey terrace houses. As compared to the same quarter in 2019 (Q12019), Johor recorded a total number of 6,057 units, of which 1,974 were condominium units or apartments and 2,160 were two to three-storey terrace houses. Overall overhang properties recorded in Q12020 showed that there are a total of 29,698 overhang units, amounting to a total value of RM18.91 billion. From…