KUALA LUMPUR, 24 May 2019 – MHub, Malaysia’s leading digital real estate marketplace, partners with Juwai.com, China’s largest international property website, to attract Chinese buyers to purchase homes in Malaysia.
Juwai.com said buyers from mainland China purchased RM9.5 billion worth of Malaysian residential and commercial properties last year, and more than four-fifths of the investment was in the residential sector.
Thus the agreement will make it even convenient for buyers from China to shop for houses in Malaysia.
Co-founder and Chief Executive Officer of MHub, Quek Wee Siong said that the alliance of MHub and Juwai.com aims to expand the addressable market for property sellers in Malaysia.
“Our Proptech platform brings the ecosystem of developers, agents, bankers, lawyers, and buyers under one roof to enable faster, simpler and safer property sales transaction,” he said.
CEO and Director of Juwai.com, Carrie Law believes that Malaysia’s identity as a Belt and Road country and the revival of the East Coast Rail Line (ECRL) plan will encourage greater Chinese real estate investment.
Malaysia ranks as the sixth most popular country for Chinese residential property buyers on Juwai.com.
“We have also seen Chinese make 255% more buying inquiries in Malaysia in the first quarter of 2019, compared with the same quarter of 2018. As such, we expect Chinese acquisitions of Malaysian real estate to grow in 2019,” he added.
Juwai.com is the No. 1 Chinese international property portal with more than 3.1 million Chinese-speaking monthly users and showcases 2.8 million listings from 90 countries.