This article first appeared in City & Country, The Edge Malaysia Weekly on January 22, 2024 - January 28, 2024
The Sabah housing market improved in 3Q2023, with higher volume and value of transactions compared to a year ago, says Rahim & Co regional manager (Sabah) Max Sylver Sintia in presenting The Edge Malaysia | Kota Kinabalu Housing Property Monitor 3Q2023. “The state registered 1,723 residential transactions worth RM773.36 million in 3Q2023, with year-on-year (y-o-y) growths of 8.09% and 21.17% respectively.
“Properties priced at below RM300,000 per unit dominated the property market with 838 transactions during the quarter under review — accounting for 48.64% of the total volume of transactions — and are worth RM151.47 million or equivalent to 19.59% of the total value of transaction of residential properties in Sabah.”
