Despite the current global economic challenges, local business leaders believe Malaysia is well positioned in 2023, especially in the fast-growing digital and technology sectors.
“Malaysia is a fast-developing centre for digital technology and high-tech manufacturing,” says Juwai IQI’s Co-founder and CEO Kashif Ansari.
“The projected growth in tech investment will have an impact on real estate. We expect new demand to manifest in the manufacturing, logistics, and alternative commercial property sectors as existing users expand and new users enter the market.”
“Our experience at Juwai IQI is a perfect example of where Malaysian business is heading. IQI started as a real estate company, but even traditional sectors like real estate increasingly rely on technology, data, and digital services. Today, even with 30,000 agents, we consider ourselves as much a technology company as a real estate company.”
Economically, he said Malaysia is in a surprisingly good situation, given the unexpected price and supply chain shocks that came one after another in 2022. Higher interest rates will cause gross domestic product growth rates to moderate in 2023.
Positive factors that support the economy include domestic demand, household disposable income, higher employment, and a rebound in tourism visits.
Read more here!
EN: The Sun Daily, Business Today
MY: Berita Harian, Dagang News
Do you need expert assistance on real estate investment? Fill out the form below to learn how to get the most out of your investment!
