NAPIC - Property Market Report 2019
‘The Day Before’
Kuala Lumpur, 12 May – The property market in Malaysia saw an improvement in 2019 with increased in transaction by 4.8% in volume and with only 0.8% increase in value, indicating more transaction at lower prices. Residential, commercial, industrial and agricultural reported some improvement, while transactions for development land declined.
8 out of the 14 states in Malaysia reported declining overhang in 2019. Residential overhang in major cities of Klang Valley, Johor and Penang also improved slightly from 18,030 units in 2018 to 16,272 units in 2019.