KUALA LUMPUR-- Sixty-seven per cent of Malaysians are able to buy own house, Malaysia Property Incorporated Chief Executive Officer Kumar Tharmalingam said today.
He said properties costing around RM300,000 are particularly popular among young Malaysians.
"The Malaysian property market is one of the most affordable and is on par with most attractive markets in the region in terms of design, innovation and regulations," he told reporters after opening iProperty.com Real Deal Expo 2012.
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.
The three-day event from today is hosting 65 residential and commercial companies at the Kuala Lumpur Convention Centre.
-Bernama
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