Read this in I property magazine:
NEGERI SEMBILAN IS ‘NEW RIVAL’ TO SELANGOR
Latest data from iPropertyiQ.com showcases purchasers’ hotspots, transaction activities and median prices for secondary residential properties across Negeri Sembilan. The review period was from October 2015 to September 2016.
Total transaction volume for residential sub-sale properties in the country amounted to 86,800. Negeri Sembilan garnered 5.3% or 4,600 transactions of the market share. In comparison, the best performer, Selangor, recorded 31.9% or 27,689 transactions.
To obtain a fair indication on how Negeri Sembilan’s secondary residential property market actually fared, a sales performance ratio test was done, where population was taken into consideration; i.e Transaction Volume/ State’s Population.
The purpose of this calculation is to determine Negeri Sembilan’s Sales Key Performance Indicator (KPI), as the ratio obtained reveals the number of transactions per person.
Using latest population estimation figures (2016) from the Department of Statistics Malaysia, the number of people living in Selangor and Negeri Sembilan were 6.31 million and 1.11 million, respectively. The ratios obtained using the afore-mentioned formula were 0.439 (27,689 transactions/6.31 million people) for Selangor and 0.414 (4,600 transactions/1.11 million people) for Negeri Sembilan.
As there is only a slight deviation of 0.025 or 0.057%, this shows that the Negeri Sembilan is on the same page as the best-performing state (Selangor) in terms of residential sales success

. A promising trend indeed for this small state which has always been in the shadow of the more popular Selangor.