JOHOR BAHRU, 26 Nov 2017:
The Johor government will identify suitable and best ways to solve the problem of unsold high-cost housing units in the state.
Menteri Besar Datuk Seri Mohamed Khaled Nordin said the methods sought should suit the policy introduced before this.
To solve the problem, he said, the state government would be collaborating with all the relevant parties including developers.
“Tuanku (Johor Sultan) had touched on this, so perhaps there is the need to look into a suitable policy to avoid frequent change of policy. We will consider and see, but the matters raised by Bank Negara will also be looked into by the state government towards solving the problem.”
Mohamed Khaled was asked to comment on Sultan Ibrahim Almarhum Sultan Iskandar calling on the state government and developers to together find solutions to the problem of the increasing high prices of houses that were unsold.
The menteri besar also touched on the recently published Bank Negara quarterly bulletin which mentioned Johor as having the highest number of unsold houses at 27%, followed by Selangor (21%), Kuala Lumpur (14%) and Penang (8%).
Bank Negara also reported that Malaysia’s property market was currently facing the problem of imbalance between supply and demand – to the extent of resulting in many unsold houses and unoccupied commercial spaces.
– Bernama