Rehda: 77pc of unsold Bumiputera units priced between RM300,000 and RM500,000, high number signals supply-demand mismatch in Malaysian property market
According to the Real Estate and Housing Developers' Association (Rehda), 77 per cent of completed Bumiputera units that remain unsold fall within this price range.
Harian Metro reported that 72 per cent of these units have been on the market for more than 36 months, suggesting a persistent mismatch between supply and demand.
'This issue has become a major challenge for developers and buyers,' Rehda president Datuk Ho Hon Sang said in a statement.
He added that the unsold inventory not only affects developers but also hampers the growth of the national housing sector.
In Rehda's Property Industry Survey for the second half of 2024, 66 out of 177 respondents or 37 per cent said they launched projects in that period, while another 58 respondents (34 per cent) launched theirs in the first half.
Sales performance in the second half of 2024 recorded 3,802 units sold with a take-up rate of 28 per cent, a drop from 47 per cent in the first half.
Of the unsold completed units, 43 per cent were priced between RM400,001 and RM500,000.
Another 11 per cent were homes priced from RM500,001 to RM600,000, followed by 9 per cent above RM1 million.
Homes priced between RM900,000 and RM1 million as well as RM700,001 to RM800,000 accounted for 7 per cent each.
Units under RM100,001 made up 6 per cent of the unsold stock.
Properties priced between RM200,001 and RM300,000, RM100,001 and RM200,000, and RM600,001 to RM700,000 each represented 4 per cent.
Units priced between RM300,001 and RM400,000 made up 3 per cent, while those between RM800,001 and RM900,000 contributed 2 per cent.
For Bumiputera units specifically, 8 per cent of unsold completed homes were priced at RM1 million and above, followed by 7 per cent between RM700,001 and RM1 million.
Another 5 per cent were homes priced below RM300,001, while 3 per cent fell between RM500,001 and RM700,000.
Meanwhile, the National Property Information Centre's (Napic) 2024 Property Market Report revealed there were 23,149 unsold residential units in Malaysia worth an estimated RM13.95 billion.
Homes priced between RM300,000 and RM500,000 accounted for the largest portion of this unsold stock last year.
According to the Valuation and Property Services Department (JPPH), high-rise residential units made up 61.2 per cent or 13,455 units of the unsold homes.
Terraced houses represented 5,187 units or 23.6 per cent, while other property types made up 3,326 units or 15.1 per cent.
Homes aged five to 10 years formed the bulk of the unsold stock at 10,774 units, followed by those under three years at 5,498 units.
Properties aged three to five years recorded 4,726 units, while those over 10 years accounted for 970 units.
For properties under construction, homes priced below RM300,000 made up the largest group of unsold units at 11,562, including 10,864 terraced and high-rise units.
For undeveloped projects, units priced below RM300,000 remained the largest unsold category, with 2,181 terraced units and 1,704 high-rise homes.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
18 hours ago
- Hamilton Spectator
Stallion Uranium Announces Update to Previously Announced Technology Licensing Agreement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 31, 2025 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the 'Company' or 'Stallion') (TSX-V: STUD; OTCQB: STLNF; FSE: FE0) further to its news release of July 8th, 2025, the Company provides certain updates in respect of its technology licensing agreement dated July 7th, 2025 (the 'Technology Licensing Agreement'), amongst the Company and Matthew J. Mason (the 'Lessor'). The Lessor holds the exclusive license to certain proprietary technology and know-how that can be used to assist in area prioritization selection for the purposes of exploration for minerals (the 'Technology'), which was developed by an arm's length Ph.D. geologist (the 'Licensor'). In particular, the Lessor obtained its license in the Technology pursuant to the terms of a binding term sheet dated February 6th, 2025, amongst the Lessor and the Licensor (the 'Underlying Agreement'). Pursuant to the terms of the Underlying Agreement, the Lessor's license in the Technology shall be for a period of 2 years. In connection with the grant of the license to the Lessor from the Licensor, the Lessor and the Licensor shall form an unincorporated joint-venture whereby the Licensor shall contribute the Technology, and the Lessor shall contribute funding and marking expertise to collaboratively advance the development of the Technology. As of the date hereof, the Licensor has advanced funds of GBP280,000 pursuant to the Underlying Agreement. Furthermore, the 3,750,000 common shares of the Company payable to the Lessor pursuant to the Technology Licensing Agreement shall be subject to a tier 2 value escrow agreement, with 10% of the escrowed securities being releasable at the time of the Final TSX-V Bulletin, and 15% of the escrowed securities being releasable every six months thereafter until released in full. For more information regarding the Technology Licensing Agreement and the Technology, please refer to the Company's news release of July 8th, 2025. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. None of the securities issued pursuant to the Technology License Agreement have been, or will be, registered under the United States Securities Act of 1933, or any state securities laws. About Stallion Uranium Corp.: Stallion Uranium is working to 'Fuel the Future with Uranium' through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones. Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit . On Behalf of the Board of Stallion Uranium Corp.: Matthew Schwab CEO and Director Corporate Office: 700 - 838 West Hastings Street, Vancouver, British Columbia, V6C 0A6 T: 604-551-2360 info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, 'forward-looking statements') that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as 'will likely result', 'are expected to', 'expects', 'will continue', 'is anticipated', 'anticipates', 'believes', 'estimated', 'intends', 'plans', 'forecast', 'projection', 'strategy', 'objective' and 'outlook') are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .
Fox Sports
a day ago
- Fox Sports
Fox Corporation Announces One-Third Interest Acquisition Of Penske Entertainment
Fox Corporation and Penske Entertainment made a landmark announcement on Thursday morning, as FOX has acquired a one-third interest in Penske Entertainment, related to INDYCAR and Indianapolis Motor Speedway. The move comes with the intention of having high-profile racing and entertainment events, prioritizing quality digital content and having more promotion of the NTT INDYCAR Series and its drivers. "This partnership is built on long-standing trust and a shared vision for the future," team owner Roger Penske said in a statement. "FOX sees the incredible potential across our sport and wants to play an active role in building our growth trajectory. Lachlan Murdoch and his team, starting with Eric Shanks, are committed to our success and will bring incredible energy and innovation to INDYCAR." Penske Entertainment, a subsidiary of Penske Corporation, is a primary provider of sports and entertainment. It operates in a range of fields, including professional motorsports, truck leasing and transportation logistics. Penske Entertainment has more than 3,300 locations. "We're thrilled to join the INDYCAR ownership group at such a pivotal time for the sport," FOX Sports CEO & Executive Producer Eric Shanks said in a statement. "INDYCAR represents everything we value in live sports — passionate fans, iconic venues, elite competition and year-round storytelling potential. This investment underscores our commitment to motorsports and our belief in INDYCAR's continued growth on and off the track. We're excited to help elevate the sport to new heights across all platforms." This news comes against the backdrop of FOX Sports agreeing to a multi-year extension to maintain exclusive INDYCAR media rights. The current 2025 INDYCAR season is the first year of the sport's respective races airing on FOX networks. At present, the sport is averaging a 31% increase in viewership year-over-year. This year's running of the Indianapolis 500, which was won by Alex Palou, averaged 7.01 million viewers, which was a 41% increase from 2024 and a 17-year-high. The race also had more than 300,000 fans present. Want great stories delivered right to your inbox? Create or log in to your FOX Sports account, and follow leagues, teams and players to receive a personalized newsletter daily! FOLLOW Follow your favorites to personalize your FOX Sports experience NTT INDYCAR SERIES Team Penske Get more from the NTT INDYCAR SERIES Follow your favorites to get information about games, news and more in this topic
Skift
3 days ago
- Skift
Fraudster Scams Event Planner Out of $20K
A scam is exploiting the credibility of big-name brands to defraud event planners. One planner is out nearly $20,000, and she's not alone. A veteran event producer says she lost nearly $20,000 after being targeted by a fraudster posing as a corporate executive planning a launch party. And she has since learned she's not the only one. A man posing as a representative from Glidden Paints reached out to Nirjary Desai, founder of KIS Cubed Events about a corporate event in Atlanta. Glidden was opening a new office in Atlanta, the man claimed, and wanted to throw a party and team-building event. There was a caveat: The company required the use of three 'preferred vendors.' Desai was instructed to pay these vendors directly and she'd be reimbursed. 'I explained I must do my due diligence and speak to each vendor, have them fill out W9s, and receive proper invoices,' Desai told Skift. Each vendor provided invoices, tax documents, and took Desai's calls, a layer of credibility that made the scam more convincing. To pay the vendors, the fraudster would send her $10,000 via credit card. There were multiple declines, but the payment finally appeared to go through and she paid out $9,400 to the 'vendors,' an audio visual company, a photographer, and a singer. Desai needed to see the space where the event would be held but the scammer canceled two site visits at the last minute. Chance Meeting Desai went to the office building anyway, and by coincidence, met another planner in the parking lot: Patricia Stinson, who had received the same lead. The two found the building's security team, who confirmed there was no Glidden Paints office there. She contacted Glidden's corporate office, which said it had no knowledge of an event, and no plans for an Atlanta office. Desai has since reported the incident to Atlanta police and is in contact with Glidden's legal team. Glidden did not respond to a request for comment from Skift. Then she realized a fraudulent $10,000 withdrawal had been taken from her account. A test deposit of one penny — a common step in ACH fraud — had preceded it. The withdrawal went through based on a fraudulent invoice using the bank account information Desai had provided to get set up in the centralized payment system. A second financial loss soon followed.. The initial $10,000 payment that she thought had gone through hadn't actually cleared before she paid vendors. The credit card company told her the fraudster used a stolen card to make the payment. In total, Desai is out nearly $20,000. 'I immediately froze all of our accounts and filed a cybercrime report,' she said. 'Police told me this isn't just fraud. It's a major crime targeting small businesses.' The scammer's fake LinkedIn profile – he went by 'Gregory Mount' – and the vendor websites have been deleted. The URL he had provided was a phishing scheme, Desai has learned. Although it did direct her to the Glidden website, it was designed to steal all of her data, financial information included. A Wider Scam Unfolds In an industry Facebook group, dozens of Atlanta-area planners have reported similar outreach from a Gregory Mount. Some caught the fraud in time. Stinson, the planner Desai met at the office, had not exchanged any funds with Mount. She did waste time though. 'From now on, we'll only take clients via referral. When I asked who referred me, the man gave me a name I didn't recognize. I should have left it at that,' said Stinson. 'But I trusted him and went to the office building to look around.' Another target, Steve Moore, director of special events at Affairs at the Fox, received a similar inquiry from Mount. 'He insisted we would have to process credit card payments in order to get the job,' said Moore. That was a red flag and Moore began digging: 'I couldn't find any Glidden office set to open in Atlanta. I couldn't find Mount on social media and his email was which didn't seem right.' Moore credits his skepticism to his company's weekly security training. 'That made a difference,' he said. Industry on High Alert For Desai, the financial hit is devastating. But the emotional toll is equally painful. 'This is a coordinated attack on our industry,' Desai said. 'They're exploiting trusted brands to gain credibility. We need stronger safeguards, and better brand accountability.' According to the 2025 AFP Payments Fraud and Control Survey, 79% of organizations experienced attempted or actual payments fraud last year. The most common method is business email compromise — often through spoofed emails and fake vendor scams like this one. For the events industry, the takeaway is to verify everything: names, domains, projects — and especially payments. In addition, cyber insurance policies usually cover losses caused by phishing attacks. Desai is in talks with her insurance provider about adding this to her coverage.
