{"id":34224,"date":"2018-05-04T11:15:36","date_gmt":"2018-05-04T03:15:36","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=34224"},"modified":"2018-05-04T11:33:13","modified_gmt":"2018-05-04T03:33:13","slug":"property-growth-malaysia","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/property-growth-malaysia","title":{"rendered":"Property Market To Stabilise This Year"},"content":{"rendered":"
The overall property market is expected to stabilise this year following the positive 5.9% GDP growth last year.<\/p>\n
According to the Valuation and Property Services Department\u2019s National Property Information Center director Md Barul Hisham Awang, the property transaction volume and value, which saw a drop rate to a lower single-digit figure last year, is set to stabilise this year.<\/p>\n
He said it is unlikely for the prices to drop, while the number of transactions remain stable.<\/p>\n
The transactions numbers reportedly dropped by 2.7% to 311,824 from 2016 until last year, which were slower than 11.5% and 5.7% in 2015 and 2016 respectively.<\/p>\n
Moreover, transaction values fell to RM139.84billion by a 3.8% drop last year compared to the 8% decline in 2015 and 3% in 2016.<\/p>\n
The value of residential sub-sector transactions increased by 4.4% while volume also shrunk by 4.1% in 2017.<\/p>\n
\u201c[Looking at the numbers], it seems that our market is getting better and improving,\u201d he said.<\/p>\n