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

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Tan Ai Leng

Published Mon, Feb 5, 2024 · 07:10 PM
    • Knight Frank Malaysia's survey reveals that there is keen interest in serviced residences or hotel segments in Klang Valley, Penang and Sabah, driven by robust tourism activities.
    • Knight Frank Malaysia's survey reveals that there is keen interest in serviced residences or hotel segments in Klang Valley, Penang and Sabah, driven by robust tourism activities. PHOTO: TAN AI LENG, BT

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    [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.

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