KAJANG: The Malaysian residential property market saw a decline in the number of overhang units in 2020, as transactions slowed down during the year due to the impact of the Covid-19 pandemic.
At the launch of the National Property Information Centre (Napic), Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the overall property sector recorded 295,968 transactions worth RM119.08bil in 2020, which was a 9.9% year-on-year decline in volume and 15.8% drop in value compared with 2019.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!