Malaysia can expect to see an increase in foreign purchases in the next 12 months, reported the New Straits Times(9 January 2020). According to Juwai-IQI, sales would be driven by the lower threshold on high-rise property prices to RM600,000 from RM1 million previously for foreign ownership. "The current economic climate and historical data speak for a rebound in Malaysia’s real estate market throughout 2020. We believe that the overhang will be well-managed throughout the year and will most likely see an upward trajectory trend," said Juwai-IQI group executive director Kashif Ansari.