News by Au Foong Yee

Truth be told, hacking at and tearing down walls of a newly-bought property are a norm these days, be it a brand new or lived-in unit.

Property overhang units must not be confused with unsold stock. The government has defined overhang units as properties that are completed and issued with Certificates of Fitness for Occupation or Temporary Certificates of Fitness for Occupation, but remain unsold despite having been put on the market for at least nine months.

Developers, sweating from the cool response to recent property launches, are starting to “fight” back.

This is the 13th edition of The Edge Malaysia’s property awards, introduced to recognise Malaysia’s best developers and to raise the benchmark for them and their development projects.