Napic report says 16,000 residential units were launched in the first half this year compared to 33,205 units a year ago.
In the first half of 2023, 11,092 landed residential homes were launched along with 5,453 high-rise units, says the National Property Information Centre .
However, sales performance for new launches recorded an increase of 32.2% compared to H1 2022 of 14.6% although it was lower compared to H2 2022’s 36.8%. With terrace homes dominating new launches, Napic said single-storey and 2-3 storey together contributed 50.1% of the total units with a sales performance of 49.1%. This was followed by condominium/apartment units at 31% share with sales performance of 27.8%.
On the same note, the serviced apartment sub-sector recorded 22,497 overhang units with a value of RM19.13 billion, a decrease of 6.2% and 5.2% in volume and value respectively against H2 2022.
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