Sixty-seven per cent of Malaysians are able to buy own house, Malaysia Property Incorporated Chief Executive Officer Kumar Tharmalingam said.
He said that properties costing around RM300, 000 are particularly popular among young Malaysians. Being one of the most affordable property market, Malaysian property is also on par with most attractive markets in the region in terms of design, innovation, and regulation.
Based on a research by a Japanese magazine, one million Japanese are interested in Malaysia’s real estate, Kumar said.
He said Malaysia has become the first choice among foreigners, particularly Japanese who are about to retire.