KUALA LUMPUR, June 10: Investors are eyeing Sarawak’s property market, directing their funds into the sector.
Global Chief Economist of Juwai IQI, Shan Saeed commented that overall, investments are ranging broadly as the region has much to offer.
“IQI also has its own branch in Sarawak, and with investors taking interest, it is definitely a good market for us,” he told TVS in an exclusive interview.
Foreseeing an upsurge on the market, Shan revealed that the market is growing strong with interest in commercial, residential and industrial properties.
“We can expect a four to five percent growth in Sarawak’s property sector this quarter and we are bullish on the market,” he revealed.
IQI Sarawak Regional Head, Jamie Tiew also concedes that Sarawak’s property market is booming, with more participation from its talent pool.
“Throughout whole of Sarawak, we have about four thousand real estate agents, namely in Sibu, Kuching, Miri and Bintulu, expanding our network to cater to this market,” she told TVS.
Overall, Sarawak’s market growth saw the Kuching market up from 2022, with growth indicators mainly coming from residential, industrial and hotel sectors. – TVS
