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Malaysia’s property market on road to recovery

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PETALING JAYA: Malaysia’s property market is on the road to recovery, as evidenced by improved volume and value in property transactions last year and...

: Malaysia’s property market is on the road to recovery, as evidenced by improved volume and value in property transactions last year and steady economic growth, said Housing and Local Government Minister Nga Kor Ming.

“We expect steady performance in the property market in 2024. This will help boost our gross domestic product ,” he said, adding that property stocks have appreciated, some by more than 600% in the last 12 months. The minister also said Malaysia has become a magnet for expatriates, with the number of working permits issued by immigration to high-skilled expatriates rising to 154,115 in 2023 against 110,819 in 2022.

 

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