“The Sabah residential property market improved in 4Q2023, indicated by higher volume and value of transactions as compared to 4Q2022. The state registered 1,541 residential transactions worth RM636.15 million in 4Q2023, with a year-on-year (y-o-y) growth of 16.83% and 24.24% respectively,” says Rahim & Co regional manager (Sabah) Max Sylver Sintia in presenting The Edge Malaysia | Rahim & Co Kota Kinabalu Housing Property Monitor (4Q2023).
“Despite the positive growth recorded both in volume and value of transactions, residential property in Sabah recorded a slight decrease in the volume of transactions during the whole year of 2023 compared to 2022, with 5,689 transactions — down 1.78% from the total transactions of 5,792 in the previous year. The value of transactions increased 4.14% y-o-y, however, to RM2.372 billion in 2023,” he says.
