Accra:Perak The Perak government has tasked the local branch of the Real Estate and Housing Developers' Association (REHDA) to conduct a detailed study to determine why there are 4,075 completed but unsold housing units in the state as of June 30.

According to BERNAMA News Agency, State Housing and Local Government Committee chairman Sandrea Ng Shy Ching announced that the decision was made during a recent meeting of the Perak Housing and Property Board (LPHP). The objective is to develop effective intervention measures and strategies to resolve this issue.

Ng emphasized the importance of the study, which will be conducted under the REHDA Institute, to assist the state government and relevant technical departments in tightening approvals for new housing projects in areas with an oversupply. The aim is to identify the root causes of the unsold homes to avoid repeating past mistakes in future planning and approvals.

Ng also mentioned that the findings are expected to provide recommendations for resolving the issue of unsold units, highlighting the discrepancy between available housing and public demand. Despite the surplus of unsold units, many people still do not own homes, presenting a challenge that needs to be addressed.

She further noted that the districts of Kinta, Hilir Perak, and Sitiawan have recorded the highest number of unsold units, each with over 1,000 unsold single-storey and double-storey terrace houses. Ng suggested that the simultaneous launch of large-scale projects may have prolonged property transactions, rather than a lack of demand.

Regarding Budget 2027 initiatives, Ng commented on the Federal Government's proposal to grant stamp duty exemptions on property transfers. She believes this could positively stimulate purchases and help reduce the existing housing overhang by providing incentives for sales and purchase transactions.

Ng expressed hope that these measures would contribute to clearing the backlog of unsold units.