2023-24 Real Estate Survey Report
About Report
Publications
General Publications
January
2024
Overview
The real estate market has experienced notable growth, with a 33.7% increase in sector output from 2019 to 2023. This growth is underpinned by urbanization, infrastructure
development, and government initiatives such as the Affordable Housing Program, which seeks to build 200,000 housing units annually. However, the lack of consistent and
comprehensive data remains a challenge. To address this, the 2023/2024 survey was conducted to collect current market data on residential and commercial property prices, trends
in housing typologies, and housing finance arrangements.