Malaysia's property transactions value rises to 40 bln USD last year

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Malaysia's property transactions value rises to 40 bln USD last year

STORY: Malaysia's property transactions value rises to 40 bln USD last year DATELINE: March 16, 2023 LENGTH: 00:04:04 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of buildings in Malaysia 2. various of construction workers working at the site STORYLINE: Malaysia's property transactions value rose 23.6 percent year-on-year to 179.07 billion ringgit (40 billion U.S. dollars) in 2022, the National Property Information Center (NAPIC) said on Wednesday. According to NAPIC, more than 389,000 property transactions were recorded last year, up 29.5 percent year-on-year. The residential sub-sector led the overall property market activity, with a 62.5 percent contribution in volume. There were 243,190 transactions worth 94.28 billion ringgit recorded in the review period, increasing by 22.3 percent in volume and 22.6 percent in value year-on-year. The commercial property segment recorded 32,809 transactions worth 32.61 billion ringgit in 2022, increasing by 46.3 percent in volume and 16.7 percent

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