Credit : Bernama Images
IPOH: Malaysia’s total property transaction value soared to RM217.46 billion in 2024, exceeding the RM100 billion target set by the government, said Housing and Local Government Minister Nga Kor Ming.
The figure marks a 10.48% increase from RM196.83 billion in 2023 and RM179.07 billion in 2022, reflecting strong investor confidence and an increasingly stable economy.
Nga attributed the growth to low interest rates, positive investor sentiment, and new property incentives. In 2024, 195,962 development advertising permits were approved with a Gross Development Value (GDV) of RM130.55 billion.
For 2025, the government aims to sustain this momentum through Budget 2025 initiatives, including income tax relief on home loan interest payments and an additional RM10 billion allocation for the Housing Credit Guarantee Scheme (SJKP) to promote homeownership.
Nga emphasized that Malaysia’s real estate sector remains a key economic driver, with 2025 expected to bring further growth and investment opportunities.
