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• The property market Selangor recorded an improvement at all sectors in 1999 with 23.3% and 40.8% rise in total number transacted and total value transacted respectively.

• Development land sector had the most impressive growth with 174% and 207.3% increase in total number and total value of transactions respectively. Followed by industrial sector with 50.3% and 50.5% increased, residential sector with 23.1% and 39.9% increased, and commercial sector with 14.6% and 30.2%. The agricultural sector rose 7.8% in the number of transactions but the value transacted dropped by 7.1%.

• Property priced between RM100,000 to RM150,000 were most popular accounting 19% of the total number transacted.

• The residential sector achieved improvements in transaction activity in all districts except Sepang. The double and single terrace house were still the most popular contributing 61.2% of total residential transactions.

• The office rentals in Selangor in 1999 continued to drop with a rate of 5% - 64%. Kelana Jaya was the biggest rental reductions in Selangor. Newly completed office buildings like Menara Merais, Phileo Damansara in Petaling Jaya, Wisma Integrated and Wisma Subang Jaya and Kota Kajang Complex recorded only 25% - 50% occupancy.

• For retail sector in 1999, there were some positive movements as Sepang, Hulu Selangor, Kuala Selangor recorded a 159.7%, 86.5% and 65% increased in total retail property transacted. Petaling Jaya had the most number of retail property transactions occupying 30.6 of the state's total.

• The performance of industrial sector, agricultural sector and development land had recorded an improvement compared to last year.

Selangor (Number of Property Transactions)