Property market activity declined by 5.7% in 1Q

KUALA LUMPUR: Malaysia's property market activity has declined by 5.7 per cent in the first quarter (1Q) of 2023 with more than 89,000 transactions worth RM42.31 billion compared to the same period last year, said the Ministry of Finance (MoF).

According to the National Property Information Centre (NAPIC), MoF, the total transactions in 1Q 2023, however, increased slightly by 0.8 per cent.