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Property Trend Sarawak 1999
  • The property market in Sarawak made a comeback in 1999 with an increase of 37.8% in total transactions to 10,513 from 7,630 in previous year. The total value also increased 32.3% to RM879.59 million.
  • The residential sector were most active sector in the state. Transactions and value increased by 35.1% and 34.7%. Residential properties priced below RM150,000 contributed 87.2% of the total residential transactions.
  • The office space market was generally stable with an occupancy rate of 86.2%.
  • The transaction activity in retail property improved by 61.8% and 34.2% in total number and total value.
  • Industrial sector registered the most increased in the state's property market by 137.7% in total transactions and 45.8% in total value.
  • The agricultural sector remained as second most active in Sarawak contributing 38.1% of total property transactions. The total transactions and total value increased by 37.6% and 21.7% respectively.

Sarawak (Number of Property Transactions)

Year

Residential Commercial Industrial Agricultural Development Others Total
1998
4,087
455
61
2,913
114
0
7,630
1999
5,520
736
145
4,009
103
0
10,513

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