KUALA LUMPUR (Feb 9): Rahim & Co International Sdn Bhd states that as a continuation of 2022 having had more progress, residential and industrial property sub-sectors have shown signs of positive growth while others are poised to follow suit but at a slower pace. This was revealed at the launch of Rahim & Co’s Property Market Review 2022/2023 report on Thursday (Feb 9).
Its executive chairman Tan Sri Abdul Rahim Abdul Rahman said the property market faced continued challenges in 2022 but had managed to remain resilient.
“Despite the various economic and geo-political challenges that still remain, in addition to the rising inflation and interest rate hikes that prolonged the 'wait-and-see' attitude of buyers; transaction activities in 2022 have proven the market to be somewhat resilient — showing a significant rebound in overall market activities.
