PETALING JAYA: The Malaysian industrial property market is still widely considered a stable segment and viable investment sector, despite registering a yearly increase in overhang levels.

According to the Valuation and Property Services Department (JPPH) in its Property Market Report 2018, the level of industrial property overhang increased 18% to 1,183 units valued at RM1.98bil last year from 999 units valued at RM1.51bil in 2017.

However, the number of unsold units under construction decreased 11.4% to 812 units in 2018 from 916 units in the previous corresponding period.

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