When January 2022 comes knocking, the reopening of the international borders will directly impact the Malaysian property market – focusing on the luxury segment as foreign investors and permanent residents will be encouraged to invest in real estate.
According to Juwai IQI Co-Founder and Group CEO Kashif Ansari, the reopening of borders is a symbol of the overall return to normalcy, economic growth, and employment growth.
“We anticipate that the residential market will strengthen as the economy recovers. Transaction volume will rise first, followed by price growth over time.”
“We anticipate that the economy will recover in 2022, matching the global economy’s growth. Because the government is implementing both economic and fiscal stimulus, we expect GDP growth to reach six per cent next year.”
“Furthermore, UOB economists predict that unemployment will fall by six basis points to 3.6 per cent in 2022. To summarise, we anticipate a growing economic recovery and significantly improved prospects for next year,” he said.
Click here to find out more about the reopening of the international border.
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