As 2021 came to a close, the property market in Sabah was somewhat in good form despite the ongoing challenges brought on by the Covid-19 pandemic. In fact, in the first nine months of the year, the market gave a gritty performance.
“Sabah’s residential property market had shown positive movements in transaction activities in 2021, coming to 3,497 transactions worth RM1.38 billion, with a growth of 8.44% in volume and 25.59% in value, as at 3Q2021. Though this improvement is still short of 2019’s performance — as at 3Q2019, there had been 4,047 transactions — it underlines Sabah’s resilience and recovery prospects despite the continued challenging period,” says Rahim & Co regional manager (Sabah) Max Sylver Sintia when presenting the The Edge/Rahim & Co Kota Kinabalu Housing Property Monitor 4Q2021.
