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Building sector on the path of recovery, says Napic

PETALING JAYA: The property market is expected to be on a recovery path in line with the gradual economic recovery, supported by the implementation of various government initiatives and assistance, said the National Property Information Centre (Napic).

It said the property market performance recorded a significant increase in the first half (H1) of 2021 as compared to the same period last year.

In the Malaysia Property Market Report for H1 of 2021, it said a total of 139,754 transactions worth RM62.01bil were recorded, showing an increase of 21% in volume and 32.1% in value compared to the same period last year.

Volume of transactions across the sub-sectors showed upward movements, it said, with the residential, commercial, industrial, agriculture and development land sub-sectors recording year-on-year (y-o-y) growth rates of 22.2%,

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