KAJANG: The local property market recorded more than 300,000 transactions valued at RM145 billion in 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said this represented an increase of 1.5 per cent in volume and 22 per cent in value compared with 2020.
"The growth was mainly contributed by the residential subsector, which accounted for nearly 66 per cent of total transaction volume and more than 50 per cent of overall transaction value,” he said at the launch of the Property Market Report 2021, Klang Valley Shopping Centre Rental Index and other reports published by the Valuation and Property Services Department (JPPH).
He noted that the residential subsector was followed by the commercial subsector in terms of value (19.3 per cent of the total value of transactions) and the agriculture subsector in terms of volume (18.9 per cent of total volume of transactions).
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