Slight uptick in property sector

Green shoots: Siva is optimistic the local property sector will see its first real growth since 2012.

WHILE the level of residential overhang in the country continues to rise in spite of fewer launches last year, things may finally be looking up for the Malaysian property market.

According to the Valuation and Property Services Department (JPPH), the property sector recorded 313,710 transactions worth RM140.33bil in 2018, which was an increase of 0.6% in volume and 0.3% in value compared with 2017.