Q1 2018 recorded RM35,173mil worth of property transactions

By Aisyah Suwardi  

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The overall property market activity in Q1 2018 reported a healthy volume of transactions at 79,504 with a total value of RM35,173mil, said a report from National Property Information Centre (NAPIC).

The number of transactions was 51.71% of the total volume of transactions in H1 2017, which was recorded at 153,729. From the report, 61.1% of the total volume was contributed by the residential sector, followed by agricultural land at 24.1%.

The percentage share of the value of transactions is also being dominated by the residential segment, which is 46.9% of the total amount. Notably, the commercial sector with only 7% of the total volume of transaction, came second in its share, taking up 25.1% of the total value of transactions.

Selangor, Johor, and Perak emerged as the top three state with the highest transaction in the Q1 2018.

Selangor recorded 15,312 transactions worth RM9,513mil, whereas Johor came second with a volume of 10,058, valued at RM4,339mil. Perak, on the other hand, recorded 9,290 transactions worth RM2,115mil in value.

The report also showed that in Q1 2018, house prices below RM200,000 is leading the market with its 45.7% share.

To read the full report, download here.

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