Property
Supply of houses not meeting demand
Laura Lee | 12 May 2017 00:30

While the landed residential market remains relatively healthy, the mismatch in the types of properties being built continues to exist.

 

Jones Lang Wootton executive director Malathi Thevendran says developers are reluctant to build single-storey houses even though there is demand for them.

 

While people prefer to own landed properties, they have no choice but to look at strata developments instead, she says.

 

Malathi fears that some strata developments will turn into slums if they are not maintained properly. Noting that while maintenance “is not part of our forte”, there is a trend of condominiums making up a major portion of new residential launches in the Klang Valley and Penang since 2009.