Malaysia property deals up 8.8% to RM142 billion in first three quarters of 2023

[KUALA LUMPUR] Malaysia’s property market saw 293,095 transactions worth a total of RM142.5 billion (S$40.3 billion) in the first nine months of 2023, according to a report by Knight Frank Malaysia on Monday (Feb 5).

The value was 8.8 per cent higher compared to the RM131 billion during the same nine-month period in 2022, even though the number of transactions then was slightly higher at 293,115.

In a release, Knight Frank said that 2023 exhibited “a reliable performance” in both Malaysia’s economy and its real estate market.