PUTRAJAYA – Housing and Local Government Minister Nga Kor Ming has dismissed speculation of a property bubble in Johor, assuring that Malaysia’s housing market remains stable and resilient. Speaking at the Real Estate Developer Appreciation Ceremony, Nga said the property sector has recorded steady growth post-pandemic, with total transactions rising to RM230 billion in 2024 from RM190 billion in 2023. “There is no sign of a bubble like those seen in other countries. Malaysia’s property sales continue to show consistent growth,” he said. Nga emphasised that the ministry will keep monitoring the market to ensure sustainable development amid current uncertainties. He also lauded Malaysian developers for their global achievements, with five projects winning World Gold at the Fiabci World Prix d’Excellence Awards 2025, including I-Santorini and Nouvelle Industrial Park, showcasing Malaysia’s world-class real estate quality.
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