M’sians expect home prices to climb by Dec 2022: Juwai IQI’s
Published on: Thursday, October 28, 2021
By: Bernama
.jpg "M’sians expect home prices to climb by Dec 2022: Juwai IQI’s")
Kuala Lumpur: A majority of Malaysians believe that this is a good time to buy a house or an apartment, as they expect property prices to rise by December 2022, according to a survey by real estate tech firm, Juwai IQI.The survey, conducted from Sept 28-Oct 21, 2021, also revealed that buyer preferences had changed dramatically during the pandemic.
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“Consumers are very positive about home prices over the next 14 months. Undoubtedly, some consumers feel an urgency to buy before prices climb further,” said Juwai IQI co-founder and group chief executive officer Kashif Ansari in a statement Wednesday.
He noted that Covid-19 has changed Malaysians’ preference in terms of their living arrangements, as 83 per cent of the respondents now feel that a home office or study space is more important.
“Having a larger home has become more important for 72 per cent of respondents and private green space is more important for 68 per cent of respondents,” he said.
Kashif said today’s house buyers have an intense desire for space to work from home because of the long lockdown.
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In response, many developers are re-drawing floor plans for their new projects.
“In some cases, they are choosing to build where land is cheaper so they can afford to offer larger homes,” he added.
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