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• The property market in Kelantan registered improvements from previous year. Total value transacted increased by 27.4% in 1999 compared to previous year.

• The agricultural and residential sectors dominated the Kelantan's property market by 50.2% and 43.3% share of total transactions.

• The residential sector's performance was encouraging as total value transacted increased by 25.5% compared to 1998. Single and double storey terraced units accounted 80% of newly launched residential projects.

• The occupancy rate for office space in Kelantan was stable at 95.8%. Up to 25% discounts on office rentals to retain the existing or new tenants.

• The demand for commercial properties still low in 1999. However, the prices and rentals were stable at previous year's levels.

• Industrial sector were slightly better than previous year.

• Agricultural sector was still the most active sector in Kelantan. The total number of transactions dropped by 13.8%, but total value jumped 79.1% to RM83.68 million.

• Industrial sector recorded a slightly improvement in total number transacted, but total value dropped by 15%.

• The development land sector had recorded better performance this year, transactions increased to 86 from 17 and total value was RM1.79 million from RM0.95 million.

Kelantan (Number of Property Transactions)

Johor ~ Kedah ~ Kelantan ~ Kuala Lumpur ~ Malacca ~ Negeri Sembilan ~ Pahang ~ Perak ~ Perlis ~ Pulau Pinang ~ Sabah ~ Sarawak ~ Selangor ~ Terengganu

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