Malaysia's property market on road to recovery

  • 📰 staronline
  • ⏱ Reading Time:
  • 22 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 75%

Property News

REHDA,Nga Kor Ming,Overhang

SINGAPORE: A man’s adult sons knew him as “Abdul Rahman Bin Majid” only to find out after his death that he had assumed someone else’s identity.

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 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 per cent 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines