Amid overhang concerns, real estate federation says property market still healthy | Malay Mail

Fiabci Malaysia president Michael Geh speaks to Malay Mail during an interview in George TownAugust 5, 2019. — Picture by Sayuti Zainudin

“I predict that the total transactions as at June this year will either remain the same as the total transactions between January and June last year or about five per cent less, at about 89,490 transactions at a value of RM30.08 billion,” he said in an interview withNapic reported a total 94,200 transactions for residential units valued at a total RM31.66 billion between January and June of 2018.that a total 8,823 units with a sales value of RM5,727,562,976.

The secondary market recorded 79,020 transactions valued at RM25.48 billion while the primary market recorded 15,180 transactions valued at RM6.18 billion. According to Napic, a large portion of these unsold units were for properties priced below RM500,000.

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