KUALA LUMPUR (April 3): The Malaysian property market continued to register double digit growth in terms of volume and value in 2011, led by the residential real estate segment.
According to the National Property Information Centre’s (NAPIC) latest Property Market Report which was launched on Tuesday, total real estate volume and value rose 14.3% and 28.3% respectively from the previous year.
This compares to the growth rates of 11.4% and 32.6% in 2010 respectively.
NAPIC said the performance of the residential subsector is expected to be sustained in 2012.
According to the National Property Information Centre’s (NAPIC) latest Property Market Report which was launched on Tuesday, total real estate volume and value rose 14.3% and 28.3% respectively from the previous year.
This compares to the growth rates of 11.4% and 32.6% in 2010 respectively.
NAPIC said the performance of the residential subsector is expected to be sustained in 2012.
