Kota Kinabalu: The Sabah property market has shown a significant uptrend over the past three years, according to departmental records, said Sabah Lands and Surveys Department director Datuk Bernard Liew Chau Min.
He said this steady growth is reflecting the robust growth of the state's real estate sector.
Advertisement“As of November 30, 2024, the total transaction value for Memorandum of Transfer (MOT) activities, including property ownership transfers, has reached an impressive value at RM5.17 trillion.
“The RM5.17 trillion stands for the total volume of the property being transacted where the higher the volume, the more active is the property market. (Volume in terms of the value of the land).
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Bernard said this in his speech at Sabah Housing and Real Estate Association (Shareda) President and Council 2023 – 2025 Cocktail Evening with the Sabah Director of Lands and Survey Department at Bay Suites here, recently.
