KUALA LUMPUR (Feb 27): The Real Estate and Housing Developers’ Association (Rehda) Malaysia expresses its positive outlook following the recent launch of the National Property Information Centre's (Napic) Property Market Report 2024, which revealed that Malaysia's property transaction volume and value last year reached their highest levels in a decade.

In a statement on Thursday, Rehda Malaysia president Datuk Ho Hon Sang attributed the growth to the nation’s strong economic growth, increase in loan approvals by financial institutions, and support from the government through various homeownership incentives for the rakyat (people).

Hence, he urged both federal and state governments to maintain this momentum by offering additional incentives for the rakyat and industry stakeholders, on top of faster approval processes and refraining from imposing any unexpected taxes.

"We have been informed by member developers that the market activity in 2024 moved forward confidently and positively, and we hope this will continue in 2025 and beyond,” said Ho.

Read also:
Malaysia's property transaction value hits decade-high in 2024, overhang situation improves