PETALING JAYA: The Housing and Local Government Ministry is currently in talks with property developers to find ways to resolve residential property overhang worth more than RM22 billion, says Minister Zuraida Kamaruddin.



She said the ministry would focus on properties below RM500,000 first to assist housebuyers.



“If I can (find the best) deal at a good price with the developers and the location is good, it can be offered to the B40 (bottom 40 per cent of household income) and M40 (middle 40 per cent of household income) groups,” she told reporters at the Malaysia Secondary and Primary Property Exhibition (Maspex 18), here today. - Bernama