Napic

Napic has to relook how it categorises data: CBRE/WTW

KUALA LUMPUR: The National Property Information Centre (Napic) needs to relook how it categorises public data and information because its current treatment of what is collection is too general, said real estate agency CBRE|WTW. Napic is managed by the Valuation and Property Services Department (JPPH). For example, the data and information on completed unsold properties, also known as overhang, “may...

Malaysian property market stable in first half of 2023: Napic report

KAJANG: Malaysia’s real estate market recorded a stable performance in the first half of 2023 (H1’23), with the value of transactions increasing by 1.1% to RM85.37 billion from RM84.40 billion in H1’22. Deputy Finance Minister I Datuk Seri Ahmad Maslan said the volume of transactions, however, showed a marginal decrease of 2.1% to 184,140 for 1H 2023 versus 188,002 in the corresponding period...

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