growth Archives - IQI Blog

Anticipated Surge of Malaysia Real Estate Market in 2024

Amir Asraf Lee — Thu, 14 Dec 2023 03:08:02 +0000

Kashif Ansari, the Chief Executive Officer of Juwai IQI Group, states that the buy-rent ratio shown a robust belief in real estate market and the real estate market in Malaysia may experience a positive year in 2024.

According to the recently published IQI Property Survey of 2023 in Malaysia, 91.1% of respondents express a recommendation to encourage a friend to make a purchase today, while only 8.9% suggest considering renting.

Additionally, the statistics exhibit a similar imbalance in Kuala Lumpur and Selangor as observed nationwide, where 88.8% favour buying compared to 11.2% favouring renting.

This survey also anticipates a 9.95% rise in residential property prices and a 9.57% increase in rents over the upcoming 12 months. Within Kuala Lumpur and Selangor, industry experts predict a 9.7% ascent in property prices and a 9.9% upswing in rental rates.

That could encourage investors and renters to return to the market and lead to developers launching new projects and It can be expected to see more demand in 2024 which driven by Malaysia’s economic growth.

Malaysian Residential Market Set to Soar in H2 2023

IQI Editorial Team — Tue, 25 Jul 2023 09:09:46 +0000

Kashif Ansari, CEO of Juwai IQI Group, stated that fewer unsold houses lead to increased demand from families, stabilizing prices and supply.

The residential market thrives, decreasing unsold properties in previously struggling states, with solid performance seen.

Malaysia’s stable economic growth results from government proactive measures and wise management by Bank Negara Malaysia (BNM).

The private sector propelled the gross domestic product (GDP) growth rate of 5.6 percent in the first quarter.

The economy has recovered sufficiently and no longer needs that extra boost. Falling inflation rates improve consumer confidence and raise the prospect of stable or lower interest rates.

Core inflation fell from 3.1% to 2.9% in the first quarter. It is believed that inflation has been tamed and that moderate drops will be experienced in the six months ahead.

Versatility of IQI Founders Continues to Bring Success

IQI Editorial Team — Fri, 21 May 2021 15:41:43 +0000

While many businesses have struggled during COVID-19, the founders of Juwai IQI have managed to experience more growth and success.

At the beginning of the COVID-19 pandemic, countless business owners, be it big or small, have faced the uncertainties that one would associate with a worldwide pandemic. Presently, these same businesses are still struggling to navigate the ongoing effects on the economy and consumer market, yet some are actually thriving in this landscape.

Juwai IQI has been in the real estate business for almost 10 years and has managed to gain over 20,000 property agents worldwide – from Australia to Canada.

How the company continued to bring forth success and ensure the public trust in its capabilities is all thanks to its adaptiveness to the real estate landscape, and technology says Group CEO of Juwai IQI, Kashif Ansari.

The company plans to base its headquarters in Kuala Lumpur, which aims to build a data and technology team of more than 1,000 employees locally to its commitment to achieving net-zero emissions and carbon-neutral certification from 2030 Juwai IQI’s future is shining as bright as the Nothern star.

Let’s hear a few words from the founders of Juwai IQI to learn more about the business’ journey and future chapters?

The secret ingredient of Juwai IQI’s success

“Having a successful business is the result of many factors – a sound strategy, having a marketable product and efficient processes, yet the most important factor of them all is the people behind the scenes.

By executing the concept that your employees are your company, start by listening to what they have to say and taking them seriously. Their rhetoric will get unnoticed if you do, and nit-picking occurs when they feel like they don’t have a voice.

You’ll begin to hear about common problems that customers tell them about and simple and effective solutions or alternatives. You’ll even begin to identify potential leadership talent. Don’t make the mistake that many companies make, which is to create a framework that gives the appearance of an open line of communication.”

Kashif Ansari | Co-Founder of Juwai IQI and Group Chief Executive Officer

The importance and advancement of technology

“The Covid-19 pandemic has led to an inevitable surge in the use of digital technologies due to the concept of working remotely from home. People and organizations all over the world have had to adjust to new ways of work and life. At Juwai IQI, we explore the many possibilities of this digital surge in the real estate landscape.

Technology and data make our business so scaleable by operating with our Juwai IQI ATLAS platform, which includes Juwai.com, the ATLAS platform and much other crucial technology during the COVID-19 pandemic. That’s how we doubled our sales and rentals in 2020 and how we set ourselves up for even faster growth in 2021 and beyond.

As a matter of fact, the demand for properties remains strong. This is because most property deals are done online with virtual tours, e-signatures, etc.

A few countries, Malaysia and Canada, moved up in the list and received more exposure to international buyers in the course of last year; one of the biggest reasons for their transaction is for investment.

Migration, lifestyle, and retirement are other factors for these purchases. There is a strong demand for regional properties, both domestic and cross-border. Due to COVID-19, people are moving out of the cities because their work can be done remotely.”

Georg Chmiel | Co-Founder of Juwai IQI and Group Executive Chairman

A look into Juwai IQI in the next 5 years

At this moment, the business of Juwai IQI’s is gaining more in sales, rentals and revenues, which are tripling to a massive growth rate – growing at 200%!

With the company’s evolution of the real estate industry-linked through technology, Juwai IQI is set to gain 20 % of the global market share in the real estate industry.

As we continue to provide a complete solution for consumers to do a complete end to end solution to do all transactions, Juwai IQI in 2025 will have up to 100,000 property agents.

As Juwai IQI and the founders piqued your interest in a career in real estate?

Looking to reach out for international exposure?

At Juwai IQI, ANYTHING is possible – all you need is the right support. Join us at Juwai IQI to make your dreams of going international come true!

An opportunity of a lifetime is here – what are you waiting for!

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Malaysia’s 2019 annual GDP growth at 4.3% — slowest pace in ten years

IQI Editorial Team — Thu, 13 Feb 2020 03:25:19 +0000

Malaysia GDP growth at 4.3% in 2019 is the slowest pace in 10 years

Malaysia’s annual gross domestic product (GDP) growth moderated to 4.3% in 2019 — the lowest level since the Global Financial Crisis in 2009.

The country’s fourth quarter of 2019 (4Q19) GDP growth slowed to 3.6%, which is the lowest in 41 quarters since 3Q09, according to Bank Negara Malaysia (BNM) statistics released today.

Speaking at a media briefing here today, BNM Governor Datuk Nor Shamsiah Mohd Yunus explained that the annual growth in 2019 was adversely affected by supply disruptions, especially in the commodity sector.

While Malaysia’s annual GDP growth is within the range of BNM’s target of 4.3% to 4.8%, Nor Shamsiah said: “Had we not suffered a supply disruption, our 4Q numbers could be as strong as 4.3%, and for the whole of this year, instead of the 4.3% [as announced]… it could be as high as 4.7%.”

Commenting on the quarterly performance, Shamsiah noted that the economic growth was driven by the higher private sector spending of 7.4% growth, versus 5.4% in 3Q19. She pointed out that private consumption grew strongly by 8.1%, versus 7% in 3Q19, while private investment registered a higher growth of 4.2%, compared with 0.3% in 3Q19.

According to IQI Global Chief Economist, Shan Saeed, the Malaysian GDP 2019 would be around 4.5 % to 5%, so the actual GDP is 4.3% which is close to our target GDP range. Geopolitical risk, slow growth of the global economy and softness in consumption will impact all economies. Most economies are focusing on aggregate demand to bolster GDP growth. We foresee Malaysian GDP to generate faster growth momentum once Chinese comes back into the market with full throttle.

Equities might remain soft or investors prefer to remain sideways to revisit their portfolio strategies going forward. Investors will re-enter the market once valuation meets their expectation.

Ringgit to follow Chinese yuan and oil movement in 2020. RM /USD to remain between 3.97 and 4.3 this year.

Source: The Edge Market

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