Juwai IQI completed 31,000 real estate transactions in 2021, which is a 41% increase from the 22,000 transactions they made in 2020!
And all of these property transactions were made possible despite the numerous lockdowns Malaysia was under in the previous year.
Group CEO Kashif Ansari disclosed that many countries and regions covered by Juwai IQI Group’s business experienced the strongest property market demand last year.
“In the past year, many of our locations reported record results. In Malaysia, our team worked very hard to help home buyers and sellers, despite the pandemic. We transacted a record number of both sales and rentals in Malaysia in 2021.
“Outside of Malaysia, our fastest-growing locations were Canada, Australia, and Vietnam.
“The most important factor in our success in 2021 is our team. In addition to the corporate team, we have a global network of 23,000 agents in 20 countries. Juwai IQI is made up of some the very best property professionals in the world.
“Our financial results were supported by historically strong property markets in several of our locations. The synchronised global economic recovery, historically inexpensive financing, buyers’ excess savings, and massive shift in buyer preferences all contributed to strong home markets in many countries where we operate.
“Canada and Australia are two of our markets that demonstrated strongest price growth. Canadian home prices climbed 18% in 2021, according to the Reserve Bank of Canada. That’s almost double the growth rate of any other year in recent history.
“In Australia, home prices climbed even faster, and ended the year 22% higher than they began it.” That data comes from CoreLogic.
Residents who have moved out of cities due to the pandemic have returned in large numbers in many cities. In this regard, Kashif Ansari, believes that Malaysia will also see a surge in the trend this year, driving up buyer and tenant demand in the central area.
He also expects that as the economy grows and continues to rebound ahead of the election, as well as rising household incomes, demand for homes will be boosted and transactions will increase.
“The biggest demand in Malaysia’s property market in 2022 will be landed homes and condominiums with larger interior spaces and abundant outdoor recreational activities.”
The Pursuit of Technology Makes a Difference
As a real estate technology company, the record high transaction volume, in addition to the strong performance of the real estate market, the group’s pursuit of advanced technology, listing advertising portal, and the effective business model of the global network of 23,000 real estate agents worldwide has helped them to achieve this success.
Kashif believes that the group has built a global presence in different markets and believes this international diversity is a huge advantage, allowing them to pursue growth opportunities around the world.
In a recent interview with BFM radio station, Kashif also expressed his gratitude to the group for its groundbreaking technology development, and said that the group implemented all technology as early as 2018, which clarified the direction of the technology-based real estate company.
“Even though a six-month lockdown is bad, our super app Atlas has really helped our team closed sales. We had already prepared since 2018 when we shifted Juwai IQI into a more-technology focused direction, branding ourselves as a PropTech group.”
Even with the pandemic raging in full effect last year, IQI still managed to break a record high in sales volume. If this excites you and you want to be part of the team that constantly strives to reach greater heights, join us!
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