{"id":35850,"date":"2018-09-28T14:58:52","date_gmt":"2018-09-28T06:58:52","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=35850"},"modified":"2018-10-01T11:59:54","modified_gmt":"2018-10-01T03:59:54","slug":"bnm-oversupply-property-still-happening","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening","title":{"rendered":"Bank Negara Malaysia: Oversupply Of Property Units Still Happening"},"content":{"rendered":"

Back In February, Bank Negara Malaysia reported that Malaysia is facing a shortage of affordable houses for the people. In fact, BNM also published a research showing that the total number of properties that remain unsold in Malaysia is the highest in a decade.<\/p>\n

Fast forward to the present, and the problem still persists.<\/p>\n

In a recent financial stability review that was released, BNM stated that the number of unsold housing units reached\u00a0146,196 units as of March. The majority of the unsold units are above the RM250,000 price category.<\/p>\n

Here are three key points that the report highlighted:<\/p>\n

\u2022 Supply-demand imbalances in the property market have increased since 2015.<\/p>\n

\u2022 Unsold residential properties are at a decade-high, with the majority of unsold units being in the above RM250,000 price category.<\/p>\n

\u2022 The oversupply of office space and shopping complexes in the major states will be exacerbated by incoming supply, potentially becoming more severe than during the Asian Financial Crisis.<\/p>\n

In efforts to lower housing prices, Finance Minister Lim Guan Eng has warned developers to lower prices of homes or risk losing their exemption from the Sales and Services Tax (SST) for construction materials and services.<\/p>\n

\u201cThe government wants to see the reduction of house price. We are not interested to see developers giving out freebies from the saving. It is meaningless. All the people hope to buy cheaper homes,\u201d Lim Guan Eng was quoted as saying.<\/a><\/p>\n

 <\/p>\n

[Source<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Unsold housing units in Malaysia continue to increase <\/p>\n","protected":false},"author":37,"featured_media":35855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[],"class_list":["post-35850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"acf":[],"yoast_head":"\nMalaysia Still Facing A Shortage Of Affordable Houses For The People<\/title>\n<meta name=\"description\" content=\"Bank Negara Malaysia published a research showing that the total number of properties that remain unsold is the highest in a decade.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank Negara Malaysia: Oversupply Of Property Units Still Happening\" \/>\n<meta property=\"og:description\" content=\"Bank Negara Malaysia published a research showing that the total number of properties that remain unsold is the highest in a decade.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-28T06:58:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-01T03:59:54+00:00\" \/>\n<meta name=\"author\" content=\"Gowri Krishnan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.imoney.my\/articles\/wp-content\/uploads\/2018\/09\/prop.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gowri Krishnan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening\",\"url\":\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening\",\"name\":\"Malaysia Still Facing A Shortage Of Affordable Houses For The People\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#primaryimage\"},\"thumbnailUrl\":\"\/articles\/wp-content\/uploads\/2018\/09\/prop.jpg\",\"datePublished\":\"2018-09-28T06:58:52+00:00\",\"dateModified\":\"2018-10-01T03:59:54+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/217bcfc2f8d76a6dd0cb2a9d3a10dfbf\"},\"description\":\"Bank Negara Malaysia published a research showing that the total number of properties that remain unsold is the highest in a decade.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#primaryimage\",\"url\":\"\/articles\/wp-content\/uploads\/2018\/09\/prop.jpg\",\"contentUrl\":\"\/articles\/wp-content\/uploads\/2018\/09\/prop.jpg\",\"width\":801,\"height\":404,\"caption\":\"property malaysia\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bank Negara Malaysia: Oversupply Of Property Units Still Happening\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/217bcfc2f8d76a6dd0cb2a9d3a10dfbf\",\"name\":\"Gowri Krishnan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f9bf50e0b04bedb3badba57264bd941d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f9bf50e0b04bedb3badba57264bd941d?s=96&d=mm&r=g\",\"caption\":\"Gowri Krishnan\"},\"sameAs\":[\"https:\/\/www.imoney.my\"],\"url\":\"https:\/\/www.imoney.my\/articles\/author\/gowri-krishnan\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Malaysia Still Facing A Shortage Of Affordable Houses For The People","description":"Bank Negara Malaysia published a research showing that the total number of properties that remain unsold is the highest in a decade.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening","og_locale":"en_US","og_type":"article","og_title":"Bank Negara Malaysia: Oversupply Of Property Units Still Happening","og_description":"Bank Negara Malaysia published a research showing that the total number of properties that remain unsold is the highest in a decade.","og_url":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening","og_site_name":"iMoney Malaysia","article_published_time":"2018-09-28T06:58:52+00:00","article_modified_time":"2018-10-01T03:59:54+00:00","author":"Gowri Krishnan","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.imoney.my\/articles\/wp-content\/uploads\/2018\/09\/prop.jpg","twitter_misc":{"Written by":"Gowri Krishnan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening","url":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening","name":"Malaysia Still Facing A Shortage Of Affordable Houses For The People","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2018\/09\/prop.jpg","datePublished":"2018-09-28T06:58:52+00:00","dateModified":"2018-10-01T03:59:54+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/217bcfc2f8d76a6dd0cb2a9d3a10dfbf"},"description":"Bank Negara Malaysia published a research showing that the total number of properties that remain unsold is the highest in a decade.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#primaryimage","url":"\/articles\/wp-content\/uploads\/2018\/09\/prop.jpg","contentUrl":"\/articles\/wp-content\/uploads\/2018\/09\/prop.jpg","width":801,"height":404,"caption":"property malaysia"},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/bnm-oversupply-property-still-happening#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"Bank Negara Malaysia: Oversupply Of Property Units Still Happening"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/217bcfc2f8d76a6dd0cb2a9d3a10dfbf","name":"Gowri Krishnan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f9bf50e0b04bedb3badba57264bd941d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f9bf50e0b04bedb3badba57264bd941d?s=96&d=mm&r=g","caption":"Gowri Krishnan"},"sameAs":["https:\/\/www.imoney.my"],"url":"https:\/\/www.imoney.my\/articles\/author\/gowri-krishnan"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/35850"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=35850"}],"version-history":[{"count":5,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/35850\/revisions"}],"predecessor-version":[{"id":35858,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/35850\/revisions\/35858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/35855"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=35850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=35850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=35850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}