According to a survey, Ipoh, the capital city of the state of Perak in Malaysia, has the most positive property outlook for 2020, reported the Malaysian Reserve (20 December 2019). The Juwai IQI Residential Property Survey and Index Malaysia for 4Q19 shows more transactions are expected in Ipoh. Juwai IQI group ED Kashif Ansari said prices in Ipoh are pegged to grow 7.6% over 12 months, "Hundred per cent of respondents in Ipoh expect local first-time buyers to buy more properties in the state over the next 12 months than in the past 12 months," he added.