Juwai IQI Co-Founder and Group CEO Kashif Ansari expect the residential property price growth to expand by 5% for the year, he said “last year, the residential market took a determined step towards post-pandemic recovery.
Buyers completed 243,190 transactions worth RM94.28 billion, up by 22.3% in volume and 22.6% in value year-on-year.
“The market continues to emphasise condominiums and terraced houses. Condominium/apartment units dominated the new launches, capturing 45.0% of the total, followed by terraced houses at 42.2%.”
For 2023, Juwai IQI said it is taking a cautious approach to predicting price changes and believes the Malaysian House Price Index could climb in 2023 by 3% to 7%.
Read more below!
EN: Business Today, Bernama, New Straits Times
MY: Astro Awani, Berita Harian, Dagang News, Buletin TV3, Sinar Harian
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