Real Estate Tips #10: Glossary - Overhang property

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DATE : Fri, 11 May 2007 00:46:00 +0000
Entered in Database : 2007-05-11 00:46:00
length : 323040
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We all know that from the property report from Valuation Department that Johor has got the most overhang properties. How do we know a property is considered overhang or not?

Definition:

Overhang - Property completed with Certicate of Fitness (now Certificate of Completion and Compliance) remain unsold for more than 9 months.

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