Residentials Below RM500,000 in Great Demand

Posted on: 2015-04-15


PUTRAJAYA, April 14, 2015: 


Residential properties below RM500,000 were in great demand from 2010 to 2014, said Deputy Finance Minister Datuk Chua Tee Yong.


Chua said in 2013, transactions for residential properties worth RM200,000 to RM500,000 totalled 74,153 units and they increased to 102,082 in 2014.


'This clearly shows that properties in this category are in demand and the government hopes that developers can offer more such properties than those more than RM500,000 or RM1 million,' he told reporters after the launch of the Property Market Report 2014 yesterday.


He said the expectations that more people would buy properties in anticipation of the fall in property prices before the implementation of the Goods and Services Tax turned out otherwise.


'According to the transaction data in the first quarter 2014 compared to the first quarter of 2015, the number of transactions dropped by 4.6%.


'As for the comparison in the fourth quarter 2014 to first quarter of 2015, the number of transactions declined by 6.2%,' he said.


Share:

Source From: http://www.therakyatpost.com/business/2015/04/15/residentials-below-rm500000-in-great-demand/

Other News & Articles


Pasaran Hartanah Meningkat Separuh Pertama 2021

Pasaran hartanah Malaysia mencatatkan sebanyak 139,754 transaksi bernilai RM62.01 bilion pada separuh pertama 2021, menunjukkan peningkatan jumlah sebanyak 21.0 peratus dan nilai 32.1 peratus...

Posted on: 2021-10-01

Permintaan Pembiayaan Perumahan Pulih Melepasi Paras Prapandemik -BNM

Permintaan pembiayaan perumahan pulih melepasi paras prapandemik, menurut Tinjauan Kestabilan Kewangan Separuh Pertama 2021 Bank Negara Malaysia (BNM)....

Posted on: 2021-10-01

Home Buying For Newlyweds

Newly married couples usually dream of purchasing a home together. In fact, buying a home may often be a first-time experience for both husband and wife and one of the most expensive purchases a new couple will ever make....

Posted on: 2021-09-02