Housing and Local Government Minister Nga Kor Ming unveiled that about 13,066 unsold residential units have been sold since the Unity government assumed power. Under the Madani government’s tenure, the unsold properties decreased from 37,066 to less than 24,000.
Contents
Property market stability
The property market is signaling a remarkable over 40 percent increase. Nga highlighted Malaysia’s allure to expatriates, with work permits for highly skilled expatriates surging to 154,115 in 2023, up from 110,819 in 2022.
This over 50 percent increase underscores the impact of foreign direct investment in creating high-skilled job opportunities. Nga expressed confidence that the property market’s stability would positively impact the GDP in 2024.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
