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Property Genie's Ivan Wong eyes East Malaysia property market

KUCHING: As we stride into 2024, the antiquated hunting methods for a home have given way to the ease of browsing and refining property choices online with just a few clicks.

In Malaysia, the property market surged to a transaction value of RM85.37 billion in the first half of 2023, signalling promising growth for the year ahead.

Datuk Seri Ivan Wong, representing Property Genie, believes technology must take the lead in revolutionising the real estate sector, streamlining and enhancing every aspect of property transactions.

"This involves reducing paperwork and making interactions between buyers and agents seamless," he stated.

"In 2023, the global value of property technology (proptech) was projected at US$20.7 billion, with an expected compound annual growth rate (CAGR) of 6.5 per cent until 2030.

"By embracing this momentum, Malaysia's property industry is poised for remarkable advancements, and Property Genie is spearheading this transformation," he said

"Property Genie is actively expanding its presence in East Malaysia, a region of strategic importance to us," he continued. "We are rapidly expanding our network of agents here, offering them the exposure they need."

Wong highlighted the positive response from agents and users in Sabah and Sarawak, emphasising their dedication to delivering value in this market.

"Our footprint in Sabah and Sarawak is growing stronger, with over 20 agents currently using our platform. We are excited about this progress and anticipate welcoming more agents as we continue to expand our reach here."

Wong explained that Property Genie's portal is designed to be user-friendly and intuitive, catering to all users, including the elderly and those new to real estate platforms.

"We are developing several innovative tech features, including integrating area-specific property price trends and location insights.

"These additions will soon provide users with comprehensive property information directly on our platform, eliminating the need to search elsewhere.

"With its inclusive online platform, Property Genie enhances the property search experience with interactive maps and high-quality images.

"Prospective buyers and investors can also utilise the platform's analytics and loan calculator to obtain accurate information about the current property market in Malaysia."

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