The Edge Malaysia |
IPOH (May 26): Rahim & Co International Sdn Bhd, in its 1Q2023 Property Market Review event on May 25 (Thursday), stated that although the property market witnessed a momentary slowdown in 1Q2023 as the volume of transactions fell by 5.7% compared to 1Q2022, the numbers remain higher than pre-pandemic levels corresponding to the first quarter performance. The value of transactions, on the other hand, increased by 0.8% against 1Q2022.
The firm’s director of research Sulaiman Saheh highlighted that there were 89,179 transactions worth RM42.31 billion in 1Q2023 compared to 1Q2019, which had 84,424 transactions worth RM36.97 billion before the pandemic.