Advertisement Banner

Demand for homes remains very high. Just maybe not the overhang units.

When everyone already owns a home, then demand for home stops. Well, at the moment, there are still many without a home and if we look at the number of people entering the workforce, then we should realise there’s even more without a home. Most of these people are moving to the bigger cities for the very first time.

For some of these new working professionals, they are lucky as their parents would be helping in their journey to own a home. Demand for homes remain very high and the proof would be the applications for the People’s Housing Projects (PPR) coming from the B40.

Article in The Kuala Lumpur City Hall (DBKL) has received 38,145 applications for the People’s Housing Projects (PPR) and Public Housing (PA) up until last January. Kuala Lumpur Mayor Datuk Seri Mahadi Che Ngah said, “Of the total, 14,412 applications have been offered for the housing units until March.”

He said, “We are completing the development project in Sungai Udang, Segambut, involving the construction of 1,251 units, which is expected to be completed next September. We will also build about 760 units in Jalan Semilang, Cheras, as well as await approval for the project in Taman Desa.” Do read the article in full here: Article in

Overhang and demand for homes are different

Anyone equating overhang units with less demand for homes or a collapse in demand for homes can continue to think like that though it’s wrong. Just remember to back up your thoughts with the right action. Arguing as such is exactly the same as a new smartphone model which looks extremely ugly and everyone refuses to buy them and suddenly everyone thought the demand for smartphones have collapsed. Erm…

PPR units is also not the same as demand for residential properties

We do have Malaysians who really do need assistance to have a home, even if does not belong to them. Once we look around the working population getting married, both are professionals, then the demand for property will continue to happen. Once we include the families which are growing and in need of a bigger home, then the demand for property will continue. Once we look at the older folks who need a smaller home since their kids are no longer staying with them, then there’s also demand for new homes. Happy understanding that these are separate issues.

Love news like this and more? Sign up for daily investment news updates. Alternatively, Follow me on Telegram here.

Please LIKE FB page to get daily updates about the property market beyond articles. Else, follow me on Twitter here.

Sign up for KopiWeekly. (only once per week of property, finance, investment news and more)

Next suggested article:  Rising demand means rising home prices? Demand vs Supply?

**In Article Advertisements Banner

Leave a Reply

Subscribe to Blog via Email

Few seconds to subscribe for FREE and get property investment tips, latest financial and property news and more.

Join 1,940 other subscribers.
Motion arrow towards right
Motion arrow towards right
Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.


Advertisement Banner

Facebook Comment

Table of Contents

Most Recent Posts

join the family

Like us for daily investment news and more

Hit the like