40pct drop in property overhang after Madani govt takeover: Nga

Housing and Local Government Minister Nga Kor Ming revealed that about 13,066 overhang residential units have been sold since the coalition government took charge.

At the launch of the Real Estate and Housing Developers’ Association (Rehda) Institute’s affordable housing report, Nga noted that under the Madani government’s leadership, the number of unsold properties decreased from 37,066 units to less than 24,000 units, marking a significant improvement of over 40 percent.