Weekly Industry News

Property sector to see more foreign buyers in 2020

Weekly Industry News

MORE foreign buyers are expected to fill in the local property market in 2020 as a result of floor price threshold reduction for foreigners, said Juwai IQI Group ED Kashif Ansari.

According to a survey conducted by Juwai IQI, Ansari said 80% of real estate agents anticipated more foreign customers for the next 12 months compared to a year ago.

“With the lower threshold for foreigners to purchase property effective this year, we foresee a strong increase in demand for property from foreign buyers.

Media Title: The Malaysian Reserve

Date: 09 Jan 2020

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