Responding to Malaysia's proposed budget for 2021, Asian real estate technology group Juwai IQI said it expects to see first-time homebuyers increase their share of the market by up to 5 percentage points - the highest market share on record, reports Property Advisor (9 November 2020). Juwai IQI's CEO Kashif Ansari said: "First-time homebuyers currently account for 28% of sub-sale and 35% of new project purchases. That data comes from our Q3 2020 Malaysia Property Survey and Index." He added that the budget will see higher rates of homeownership amongst first-time homebuyers and middle-income and lower-income Malaysians because homeownership is the path to greater wealth for families with relatively few other assets as it allows everyone to benefit from the country's economic growth and climbing home prices.