Weekly Industry News

Price correction in local property market in first-half 2020

Weekly Industry News

The property market experienced a correction in terms of pricing with more affordable housing launched in the first half of 2020 (1H2020).

National Property Information Centre (Napic) director Aina Edayu Ahmad said half of the new launches in 1H2020 comprised houses priced at RM300,000 and below (6,657 units), while the RM300,001-RM500,000 houses accounted for 28.9% (4,476 units) and houses priced over RM500,000 accounted for 21.1% (2,161 units).

Media Title: The Sun

Date: 14 Oct 2020

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