Positive market sentiment

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PETALING JAYA: The local residential property sector is poised for steady growth in the final quarter of 2024, underpinned by continued demand for homes on the back of positive market sentiment.

Properties priced between RM500,001 to RM1mil accounted for 53% of the overhang, noted Previn.“Condominiums and apartments accounted for 59% of the total overhang,” he said.

Meanwhile, the Selangor residential market recorded 14,902 residential transactions worth RM8.4bil in 3Q24, reflecting a 13.9% increase in volume and a 14.1% rise in value quarter-on-quarter.

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Article Details

Author / Journalist: EUGENE MAHALINGAM

Category: EconomyBusiness

Markets: MalaysiaNorway

Topics: Overhang /Business/Business News Property Zerin Real estate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 00:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 779 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23806760

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 22 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 30 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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