KAJANG, Sept 14 — Malaysia’s real estate market recorded a stable performance in the first half of 2023 , with the value of transactions increasing by 1.1 per cent to RM85.37 billion from RM84.40 billion in 1H 2022.
“It was followed by the agriculture sub-sector with a 19.8 per cent share in terms of volume, while in terms of value, the commercial property sub-sector was second with 19.6 per cent,” he said in his speech at the launch of the National Property Information Centre’s Property Market 1H 2023 Report today.
“Condominium/apartment units made up nearly 58 per cent of the residential overhang, while in terms of price range, almost half were priced more than RM500,000 per unit. Meanwhile, Ahmad said that residential construction activity in the country recorded a decrease in completion, starts and new planned supply, down by 10.4 per cent, 1.2 per cent and 15.8 per cent respectively compared to the same period last year.
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