Malaysia’s property market posted a better performance in the first half of 2022 with activity increasing 36.1% in volume and value year-on-year to 188,000 transactions valued at RM84.4 billion as all property sectors recorded growth.
“This can be seen with the increasingly strong economic growth by 8.9% in Q2’22 compared to the increase of 5% in Q1’22 and 3.6% in Q4’21,” he said in his speech at the launch of the Property Market First Half of 2022 Report by the Valuation and Property Services Department yesterday. The commercial property segment recorded 15,169 transactions worth RM14.02 billion, which rose by 45.4% in volume and 28.3% in value compared to the same period last year. Selangor contributed the highest volume and value to the national market share, with 26.5% in volume and 33.5% in value .“More than 10,000 units of newly launched were recorded, down by 66.7% against 31,687 units in H1’21. Against H2’21, the new launches were lower by 13.3% . Sales performance for new launches recorded at 20.
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