KUALA LUMPUR, May 15 — The Valuation and Property Services Department (JPPH) said today the property market is rebounding after years of pandemic-induced slow down, with data showing strong growth in the first quarter of this year.
Over 104,000 transactions were recorded in the January to March period, registering a 17 per cent growth from the same period in 2023 and a 37 per cent growth in value (RM56.53 billion), the department said in a report released this morning.
Residential properties continued to dominate market activities, accounting for 60.2 per cent of total transactions, followed by agriculture at 20.5 per cent.
Source:
Zahiid, S. J. (2024, May 15). Strong Q1 showing in Malaysia’s property market as transaction volume, new projects rise. Microsoft Start. Retrieved May 16, 2024, from https://www.msn.com/en-my/news/national/strong-q1-showing-in-malaysia-s-property-market-as-transaction-volume-new-projects-rise/ar-BB1mpbfQ?ocid=BingNewsSearch
