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News Updates & Article sharing

Juwai IQI Reports New Home Sales Surge By 293% This Year

5/25/2021

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Despite the challenges of Covid-19, Kuala Lumpur-headquartered real estate technology company Juwai IQI reports that Malaysian residential real estate sales in specific market segments are growing quickly. 

​The company transacted 293% more new project sales in 2021 to date, compared to the same period of 2020. The 2021 sales are 247% higher than during the corresponding period in 2019.


The latest coronavirus restrictions have not caused sales to drop. 


Juwai IQI Group Co-Founder and CEO Kashif Ansari said: "The MCO (movement control order) didn't hurt Juwai IQI's sales in Malaysia as one might have expected. On the contrary, our sales went up during that period. 


"This is because our technology platform made it possible for us to continue to serve buyers despite the MCO. Since then, we have continued to invest in technology and are building a 1000-person global technology and data team here in Kuala Lumpur.


"Paradoxically, it is because of Covid that many people believe this is a good time to purchase homes. Malaysians have been spending less due to the pandemic-related restrictions. As a result, they have built up more savings and want to put that money to good use by buying a stake in the property market."


Ansari said their recent consumer survey found that 70% of Malaysians have neither lost a job nor had to close a business during the pandemic. 


"Most Malaysians are still earning their income but are not spending as much as before the pandemic. Many are using the money for down payments on property instead.


"What many see as the upcoming property boom is another reason people are buying property today. Observers expect that economic, employment and income growth should increase more rapidly in the post-pandemic rebound than the pre-Covid rate," he said.


These conditions tend to coincide with rising property demand and prices, said Ansari, adding that the demand was fuelled by the low interest rates, reintroduction of the Home Ownership Campaign and other property-related initiatives introduced in Budget 2021.


"We foresee a robust market post-pandemic, in which the best positioned and best-designed properties will sell more rapidly and at higher prices. Less attractive homes will also benefit to some degree from the rising demand.
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  • Home
  • New Property Launch
    • Best Investment 2022 PJ Damansara Low Risk Low Entry Price High ROI
    • 2022 PJ Rumah Mampu Milik RM270k Damansara
    • Bangsar South 2 Rooms from RM390k BELOW Market Price
    • 10% ROI PJ Project near Ikea and One Utama Mall
    • Mid Valley Seputeh New Launch
    • Pavilion Damansara Heights 柏威年 白沙罗岭 马来西亚 吉隆坡 精选楼盘
    • 马来西亚RM300千的PJ屋子-首购族,年轻人月入3千能买房
    • 2021 Penang Most Awaited Project
    • 2021 New Launch - KL Metropolis
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • Freehold LRT Linked 3 Room Suites in Glenmarie
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • Avara Seputeh (Mid Valley)
    • Project Announcement Registration. Malaysia New Property Launch
  • Existing & Past Project
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • Kiara East Suite Dex
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Best Property Investment Projects in 2018
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Other Professional Services
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Get Professional Advice
  • PJ八打灵2021全新地产项目分析手册