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- Malaysia's property transaction volume and value last year reached their highest levels in a decade last year.
KUALA LUMPUR (Feb 27): REHDA Malaysia is “heartened” by the positive growth as revealed by the National Property Information Centre (NAPIC) in its Property Market Report 2024.
It was reported that Malaysia's property transaction volume and value last year reached their highest levels in a decade last year.
In a media release today, REHDA president Datuk Ir Ho Hon Sang said the increase was backed by the nation’s strong economic growth, increase in loan approvals by financial institutions and support from the government through various homeownership incentives for the rakyat.
Ho also expressed hope that the government will continue to support in maintaining the momentum by giving more incentives not only to the rakyat but also industry stakeholders including developers, executing speedier approvals and refraining from imposing any unexpected taxes.
“We have been informed by member developers that the market activity in 2024 moved forward confidently and positively, and we hope this will continue in 2025 and beyond,” said Ho.
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