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Despite large overhang, finance minister upbeat more Malaysian property will sell in 2019 | Malay Mail

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Despite large overhang, finance minister upbeat more Malaysian property will sell in 2019

Finance Minister Lim Guan Eng speaks during the launch of the 2018 property market report in Kajang April 30, 2019. ― Picture by Miera Zulyana

“Even though the property market has been facing a slump in the past few years, the volume and value of transactions in 2018 has increased by 0.6 per cent and 0.3 per cent respectively. Major states such as Kuala Lumpur, Johor and Penang recorded an increase of 6.8 per cent, 7.8 per cent and 3 per cent respectively. Selangor had a marginal drop of 0.4 per cent.

Despite the marginal improvement, overall sales for the residential sector dropped by 14.9 per cent to 66,040 units when compared to 77,570 units in the previous year.

 

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