Citing the National Property Information Centre (NAPIC) data, it said the secondary property market makes up about 80 per cent of all residential property transactions in the country, compared to around 20 per cent of new properties (the primary market).
KUALA LUMPUR: The Housing and Local Government Ministry is coming up with several new laws to provide better protections for landlords, tenants and property buyers.
National Housing Department director-general N. Jayaselan said the ministry was in the midst of drafting a Residential Tenancy Bill, as well as for commercial buildings and wakaf land.
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