Real estate sector to stage strong recovery in 2022: Juwai IQI survey

PETALING JAYA: The Malaysian real estate industry expects a strong market recovery in 2022, while forecasting national price growth of 10.6% through the third quarter of 2022, despite a -4.8% fall over the next 12 months, according to the new Property Survey and Index Q3 2020 by proptech group Juwai IQI.

The industry has forecast that the states with the strongest forecast price growth over the next two years are Penang and Perak, with price growth of 15.9% and 14.3%, respectively. Kuala Lumpur and Selangor are predicted to have the lowest forecast price growth over the next two years, with a lower but still impressive 8.5%. This is despite the National Price Expectations Index showing a downwards trend with a -4.8% fall over the next 12 months, before climbing again to post a cumulative growth rate of 10.6% over the next two years.