KUALA LUMPUR (Apr 14): Malaysian property transactions rose in terms of value and volume in 2014 from a year earlier, led by residential real estate sales and purchases, according to the Finance Ministry's Valuation and Property Services Department.
The Valuation and Property Services Department said in its 2014 property market report that the country registered a 7% rise in transaction value at RM162.97 billion while volume increased 0.8% to 384,060 transactions.
In terms of value, the residential segment led with a 50.4% share followed by commercial properties at 19.5%.
By volume, the residential sector led the property market with a 64.4% contribution. This was followed by the agricultural segment at 18.8% and commercial properties at 9.3%. - The Edge Market
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