117 abandoned housing projects with 30,840 units reported by Malaysia's Housing and Local Government Ministry, attributed to pandemic impact, high-priced houses, unstrategic areas, and bank loan denials.
Malaysia's Housing and Local Government Ministry reports 117 abandoned housing projects with 30,840 units, with 81 priced below RM300,000 as of January 31, 2023. The deputy minister attributes these issues to factors such as the pandemic's impact on economic growth and buyers' financial positions, high-priced, low-demand houses, projects in unstrategic areas without good facilities, and bank loan denials.
March 25, 2024
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