Chinese buyers accounted for RM8.4 billion worth of property sales in 2018, which is 12.1% of the total transaction value and 0.4% of total transaction share, according to an economics report from Chinese international property portal, Juwai.com, and Malaysian real estate agency network, IQI Global, stated an article by The Malaysian Insight (11 November 2019). The report said Chinese buyers drove a significant multiplier effect as the impact of their investment spread to other sectors, such as retail, hospitality, manufacturing, banking, insurance, and transportation.