Exciting times ahead for Malaysia’s property sector: Juwai IQI -

The Malaysian property market is expected to show stronger signs of recovery in 2022 as the Covid-19 pandemic appears to have been brought under control. Between Q2 2020 and Q2 2021, sharp drops in transactional activity were brought by rising infection rates and government-imposed movement restrictions, resulting in price depressions and fluctuating supply volume.

According to the Property Market Review 2021/2022 report by Rahim & Co International Sdn Bhd, in the first nine months of 2021, Malaysia recorded a total of 201,065 property transactions worth RM98 billion, a slight drop of 1.8% year on year in volume. This follows from 2020 where transactions largely fell (-9.9% in volume and -15.8% in value) from 2019’s pre-Covid environment.

As the country gears up for endemicity, all eyes are already on how this year will shape up for the local property market.

To shed light on how this sector will perform as well as to give our listeners a glimpse at the property buying trends in the country, we speak to Kashif Ansari, Co-Founder and CEO of Juwai IQI Group.

Founded in 2019, Juwai IQI is an Asian real estate technology group that powers property transactions and ownership locally and globally. This company transacted more than 30,000 properties in 2021, advertised USD4 trillion of property from 111 countries and generated 12.9 million monthly consumer engagements.

It also offers real estate marketers an end-to-end marketing and sales solution that integrates its super-app; IQI Global network of more than 21,000 real estate agents, and its online property marketplaces, Juwai.com.

During the conversation, Kashif also shares:

His perspectives on the Malaysian property market as a whole.
Key property buying trends that he sees in Malaysia.
His thoughts on the oversupply of property in the Klang Valley, Johor and Penang, in addition to the issue of property overhang.
Insights into home buyers from China, including what they find most attractive about purchasing homes in selected states in Malaysia.
His thoughts on the changes implemented in the Malaysia My Second Home Program and whether this has affected foreign-buyer interest.