Earlier today, Juwai IQI’s co-founder and group managing director, Daniel Ho had a brief discussion with Malaysia’s local news channel, Astro Awani regarding the insight of the real estate market in Malaysia during the pandemic.
“Based on the transactions that has been going on, 2021’s transaction volume for both residential and commercial has doubled. There is no downsizing for the commercial office space when it comes to utilization. In fact there are more inquiries coming in because companies want their employees to work in an office environment where they can be close to each other and drive their business further.” said Daniel.
Meanwhile in Malaysia there is an oversupplied unsold properties with a worth RM42.49 billion in total. But according to Daniel Ho, it is a false illusion.
“The property market is an efficient market in comparison to the stock market. A lot of developers when they proceeded to acquire a land, they continue to build on the land, but it is not what the market wants. Which results to the high number of oversupplied properties because it does not match the buyers’ demands.”
To avoid this, Daniel suggested that developers and stakeholders should engage professional consultants to identify the problems. Such as product, place, pricing, marketing, and many more. Therefore, the construction should be in line with the demand of the market.
In regards to property investment, Malaysia is one of the top choice for investors who aim for long term and well sustained investment. Malaysia being a country strategically placed in South East Asia and growing in Gross Domestic Product (GDP), is creating a lot of potentials in the business market and doing multiple trades all across ASEAN.
Catch the whole interview at Astro Awani.
Source: Astro Awani
According to Juwai IQI’s research, the property price will continue to surge within the next few years and we will need more talents to join us!
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