The Edge Malaysia |
The last two years were tough for Malaysia’s property sector. However, during the quarter under review, the market in Sabah — particularly in Kota Kinabalu — saw an improvement.
“The Sabah residential property market improved in 2Q2022, as indicated by the higher volume and value of transactions compared to 2Q2021,” says Rahim & Co regional manager (Sabah) Max Sylver Sintia in presenting The Edge/Rahim & Co Kota Kinabalu Housing Property Monitor 2Q2022.
The state recorded 1,431 residential transactions worth RM554.66 million in 2Q2022 — a growth of 39.2% in volume and 37.21% in value compared to a year ago, he adds.
