Property transactions dip, but house prices continue to rise


Visitors checking out some of the housing projects during the 13th edition of the PIP Property Expo at the Straits Quay Convention Centre.The Star/Lim Beng Tatt/ 28 Dec 2013.

KAJANG: The various cooling measures on the property sector dampened transactions last year, with the volume of properties bought and sold dipping by 10.9% from 2012, even as total value rose 6.7%, a sign that prices did not come down.

According to the Property Market Report 2013 released by the Valuation & Property Services Department, there were 381,130 transactions in the country in 2013 compared with 427,520 the year before, although their value climbed to RM152.37bil from RM142.84bil.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , napic

   

Next In Business News

Ringgit to see tight trading amid cautious mode next week
PM Anwar: RM1.24bil potential export to Peru generated
Boxed-in markets seek safety
Cropmate seeks to raise RM42mil to buy factories
Climate funding at stake
What could go wrong, or right?
The spirit of enterprise
Kossan’s nine-month earnings surge by 588%
Don’t delay merger control, empower MyCC as the sole regulator
Robust economy to boost banking

Others Also Read