Real estate industry leaders gathered for PropertyGuru first time organised summit officiated by Deputy Finance Minister, Dato Lee Chee Leong which was themed Shaping the Future of Malaysian Real Estate bringing over 100 top industry leaders together at a single venue to discuss the state of property market come next year and beyond.
Datuk Seri FD Iskandar bin Mohamed Mansor, President of REHDA, spoke about Malaysia’s real estate vision for 2018 and added “There has been strong economic growth in Malaysia over the last 12 months, with Property and Construction leading as the 2nd key contributor to the economy and has chalked up 6.5% growth, according data from Bank Negara Malaysia. Asians want to be homeowners, it is part of our DNA, and the federal government initiatives to assist homeownership has been plentiful.”
Noting that property investment as being the biggest investment for anyone in terms of value creation, it was also highlighted that Kuala Lumpur real estate growth is promising with 10 million people predicted to relocate to the Klang Valley by 2020, according to research from PEMANDU.
Steve Melhuish, PropertyGuru founder said, “The Summit was a success. Malaysia is one of Asia’s fastest growing markets, and in an increasingly globalised world. Despite recent market challenges, there was overwhelming enthusiasm – supported by strong underlying fundamentals and ongoing domestic and foreign investment.