KUALA LUMPUR: The residential property market improved in the first nine months of 2023, with both transaction volume and value registering a year-on-year (y-o-y) growth of 1.3 per cent and 3.5 per cent, respectively.
Nevertheless, new houses offered for sale in the primary market declined in 2023 due to concerns related to completed unsold units, also known as a property overhang, and market mismatch, property consultancy Knight Frank Malaysia said.
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