Weekly Industry News

Slight uptick in property sector

Weekly Industry News

WHILE the level of residential overhang in the country continues to rise in spite of fewer launches last year, things may finally be looking up for the Malaysian property market.

According to the Valuation and Property Services Department (JPPH), the property sector recorded 313,710 transactions worth RM140.33bil in 2018, which was an increase of 0.6% in volume and 0.3% in value compared with 2017.

While the growth might be flattish, it’s a good sign, says Axis REIT Managers Bhd investments head and former Malaysian Institute of Estate Agents president Siva Shanker.

Media Title: The Star

Date: 4 May 2019

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