Property transactions dip, but house prices continue to rise

Visitors checking out some of the housing projects during the 13th edition of the PIP Property Expo at the Straits Quay Convention Centre.The Star/Lim Beng Tatt/ 28 Dec 2013.

KAJANG: The various cooling measures on the property sector dampened transactions last year, with the volume of properties bought and sold dipping by 10.9% from 2012, even as total value rose 6.7%, a sign that prices did not come down.

According to the Property Market Report 2013 released by the Valuation & Property Services Department, there were 381,130 transactions in the country in 2013 compared with 427,520 the year before, although their value climbed to RM152.37bil from RM142.84bil.