PETALING JAYA: In the face of a challenging economic landscape caused by high-interest rates and inflationary pressures, Malaysia’s property market has not only weathered the storm but has, in fact, set a new record in 2023.
Property transaction value soared to RM196.83bil in 2023, representing a 9.91% year-on-year (y-o-y) surge from the previous record set in 2022 at RM179.07bil, as reported by the National Property Information Centre (Napic) last week.
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