Key Highlights:

• GDP grew 3.0% in Q4 2023, with an overall growth of 3.7% for the year.
• Unemployment rate remained steady at 3.3% in Q4 2023.
• Inflation rate eased to 1.6% in Q4 2023, with an annual headline inflation of 2.5% for 2023.
• Investment activities saw a significant uptick, registering a total value of RM3,259 million in Q4 2023.
• Average office occupancy rate in Kuala Lumpur decreased to 75.9% due to large amount of office space completed.
• Retail industry grew by 2.7% in Q3 2023, with a revised growth forecast of 2.8% for the year.
• Average transacted price for high-end condominiums in the secondary market declined marginally by 0.67% to RM906 per sq ft.
• No new notable high-end residential launches in the city centre in Q4 2023.