PETALING JAYA: The 12th Malaysia Plan’s (12MP) new measures foresee big changes in the property sector by 2025, with the share of transactions below RM300,000 expected to increase, coupled with more activity in the price ranges most suitable for B40 and M40 buyers.

Juwai IQI co-founder and group CEO Kashif Ansari (pix) said the lower price ranges already account for nearly two-thirds of transactions. About 62% of transactions in 2020 were for property priced below RM300,000, compared with just 17% for property priced above RM500,000.

Juwai IQI believes the 12MP’s goals of improving lifestyles and financial security, increasing property ownership, and accelerating innovation are complementary.

Kashif said there are three reasons property ownership features so prominently in the 12MP: security, prosperity and quality of life.

Read more: The Sun Daily