Ahmad delivering his speech at the launch of National Property Information Centre’s property market H1 2023 report. – BernamapicMalaysia’s real estate market recorded a stable performance in the first half of 2023 , with the value of transactions increasing by 1.1% to RM85.37 billion from RM84.40 billion in H1’22.
“It was followed by the agriculture sub-sector with a 19.8% share in terms of volume, while in terms of value, the commercial property sub-sector was second with 19.6%,” 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% of the residential overhang, while in terms of price range, almost half were priced more than RM500,000 per unit.
Ahmad said residential construction activity in the country recorded a decrease in completion, starts and new planned supply, down by 10.4%, 1.2% and 15.8% respectively compared to the same period last year.
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