Weekly Industry News


Weekly Industry News

Malaysia’s real estate market has stabilised since last year, with the ongoing Home Ownership Campaign helping to spur residential property transactions, Finance Minister Lim Guan Eng said

“Even though the property market has been facing a slump in the past few years, the volume and value of transactions in 2018 has increased by 0.6 per cent to 313,710 and 0.3 per cent to RM140.33 billion respectively,” Lim said at the launch Property Market 2018 report prepared by the Valuation & Property Services Department here today.

“When you compare it to the 11.6 per cent and 2.7 per cent drop in 2017, this is an encouraging development,” he added.

Media Title: New Straits Times

Date: 1 May 2019

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