Thinking of overhang properties? 85 percent of serviced apartment overhang are 5 years or more!

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Thinking of overhang properties? 85 percent of serviced apartment overhang are 5 years or more!

Home Property Thinking of overhang properties? 85 percent of serviced apartment overhang are 5 years or more!

2.11.250

Property

It’s predominantly in three states. Largest number would be Johor with close to 10,000 units (Yes, you definitely have heard of them), followed by WP Kuala Lumpur with 4,112 units and then Selangor with 2,561 units. These three markets would total 16,180 units and this is 89 percent of all service apartments categorized as overhang. In other words, if these three states clear their serviced apartment old stocks, then we have no more overhang or very little of them. Speaking of serviced apartment old stocks, how old are they?