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A total of 3,459 people responded to the online survey on iproperty.com.my from 5th December 2011 to 19th January 2012.
The results showed that 62.3% of survey respondents were keen on purchasing property in the next 6 to 12 months, with 71.3% stating that they had a budget under RM 500,000. Interestingly as well, 28% of respondents wished to purchase property as investment for resale, more than in other survey respondents in the other regions.
The low barriers to property ownership and the healthy property price growth in the country, makes Malaysia an attractive country for not just locals but also foreigners to invest in. This can be attributed to several factors such as low mortgage rates, financing of up to 100%, stamp duty exemptions, long repayment periods, up to 30 years, or until age 75, which makes homeownership for Malaysians easy.
The most important issue for concern in the Malaysian property market was that of rising house prices. However, a significant number of people surveyed also expressed high concern about home financing policies and interest rates, as well as errant developers and building quality.