The country’s property sector has continued to flourish following the strengthening of Malaysia’s economic performance, Second Finance Minister Tan Sri Nor Mohamed Yakcop said recently.

The economy recorded a positive growth of 5.3% in the first quarter of this year with the construction sector contributing significantly to the gross domestic product growth. The sector grew by 4.0% during the period.

Nor Mohamed said increases were registered by almost all the real estate sub-sectors, including residential and commercial.

Transfer of property ownership activities were also active with the number of transactions reaching almost 65,000 units valued at close to RM15 billion in the first quarter, he added.