Residential property market helping to drive sales of consumer electronic products

CONSUMER product retail businesses can count on the sales of completed residential properties to drive their sales this year, in the face of a lower GDP forecast and tightening credit.

There were 30,674 units of residential properties worth RM7.7bil transacted in 2011, compared with 18,233 units of residential properties for 2010 valued at RM4.8bil, according to the National Property Information Centre’s (Napic) property market report.