Property Trend
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Property Trend Sabah 1999
  • The property market in Sabah generally improved. Both total transactions and total value increased by 6.8% and 7.7% respectively.
  • The residential sector was the most active, contributing RM57.7% of total volume. Activities fell to double storey terraced houses priced between RM100,000 - RM150,000, and double storey semi-detached houses of RM150,000 - RM250,000.
  • Retail sector consolidated in 1999. Total transactions and total value increased significantly by 18.6% and 20.2% respectively over the previous year.
  • The office sector in Sabah consolidated. The office rentals in Kota Kinabalu and Labuan were fairly stable this year.
  • The agricultural sector was also stable, while development land and leisure sectors continued to drop further in 1999.

Sabah (Number of Property Transactions)

Year

Residential Commercial Industrial Agricultural Development Others Total
1998
3,331
526
182
2,059
195
6
6,299
1999
4,045
659
243
1,876
223
2
7,048

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