The property market has registered its best performance in a decade in 2024, according to the Valuation and Property Services Department (JPPH).
In a statement, Rahim & Co International Sdn Bhd director of research Sulaiman Saheh said the total value of transactions included records based on sale and purchase agreements from primary sales by developers which may have included prices before discounts and rebates.
“Nevertheless, the record high figures, even after the adjustments, would still be significant – indicating an improved market condition,” he said.
Sulaiman also said the growth momentum seen in 2024 reflected a rising market confidence coupled with the supportive government policies and various incentives, despite global uncertainties and challenging environment.