Malaysia’s property market is projected to remain stable in 2024 and experience sustained growth over the next three years, fueled by initiatives from the Madani government.
Housing and Local Government Minister Nga Kor Ming highlighted the market’s resilience, with many property counters witnessing up to 600% growth in share prices. He emphasized the positive trajectory, citing examples such as DPS Resources Bhd, UEM Sunrise Bhd, and WMG Holdings Bhd, which saw significant increases.
Nga expressed confidence in Prime Minister Datuk Seri Anwar Ibrahim’s leadership, envisioning a bright future for the property market. He stressed the importance of collaboration to enhance the industry’s reputation and investor confidence.
Notably, property transactions surged from RM42.31 billion in 1Q 2023 to RM56.53 billion in 1Q 2024, indicating robust recovery and growth. Nga’s optimism shines through: “We must work together to enhance our industry’s reputation and increase the confidence level of investors.”
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