Chinese buyers account for RM8.4b property sales in 2018

Chinese buyers drove a significant multiplier effect as the impact of their investment spread to other sectors, such as retail, hospitality, manufacturing, banking, insurance, and transportation.

KUALA LUMPUR: Chinese buyers accounted for RM8.4 billion worth of property sales in 2018, which is 12.1 per cent of the total transaction value and 0.4 per cent of total transaction share, according to an economics report from Chinese international property portal, Juwai.com, and Malaysian real estate agency network, IQI Global.

The report said Chinese buyers drove a significant multiplier effect as the impact of their investment spread to other sectors, such as retail, hospitality, manufacturing, banking, insurance, and transportation.