- The national economic crisis had a
contagion effect on the state property market.
- Overall, the 1998 property market dipped further compared
to 1997.
The total number of transactions decreased by 14.7% in
1998 compared to the 2.0% decrease last year.
- Correspondingly, the number of transactions
for every property sector also dropped except for the
development land sector.
- The total value of transactions decreased by 35.6'1'0
compared to the 9.5% increase last year.
- The value of the transactions remained low with 56. 1 % of
the transactions below RM25,000. The average value per
transaction dropped from RM51,300 to RM38,700.
- Residential property was the leading sector with a 46.2%
share of the total number of transactions in the property
market, a slight increase compared to the 43.4% share last
year.
- The development land sector also recorded an increase with
13.2% of the market share, compared to 7.7% share last year.
- The industrial property remained as the least active
sector with only 0.2% of the market share.
- Commercial property represented 1.7% share while
agricultural property declined to 38.8% share.
Terengganu |
