KUALA LUMPUR (May 10): Juwai.com, a property website in China, foresees many opportunities under the new government to contribute to the country's growth and bright future.

In a statement today, Juwai.com CEO Carrie Law said Chinese investors and non-investment buyers can contribute to the country's growth and bright future.

"Like most countries in Southeast Asia, Malaysia needs outside investment to help it achieve its development goals.

"The new government hopes to build one million affordable houses within two terms of its administration. This very ambitious goal will create large numbers of jobs for Malaysians," she said.

Law added that in order to succeed on its affordable housing goal, the government may need to draw on the expertise and capital of Chinese developers and investors.

"There is no country in the world with more experience building large quantities of affordable housing on budget, on schedule, and with hoped-for side benefits such as local employment and economic development," she said.

"At this date so soon after the election, it seems many Chinese buyers have been infected with the general Malaysian feeling of optimism. They believe that, under the new government, the country will continue to be well-managed and to benefit from strong economic growth.

"The new government promises stricter government oversight and more transparency. These are policies that have been very successful at curtailing bad management in China itself under President Xi Jinping. Many Chinese feel that they can only be good in the long run for the Malaysia-China relationship," she said.

Additionally, Law said that as long as any uncertainty persists, some Chinese buyers will hold back.

"However, the overall package of visa, home-buying, and education policies in Malaysia remains very appealing. If there is no change, we expect Chinese investment in Malaysian property to continue to grow in the months and years to come. Chinese acquisitions could at least double by 2025," she said.

The statement reported that Chinese buyer inquiries on Malaysian property in the first three months of this year are 102.8% higher than one year ago. The final April data shows that Chinese buyer inquiries in Malaysia were up 121% compared to April 2017.

"Despite the rapid growth of Chinese property investment in Malaysia, Singapore was the top source of foreign direct investment (FDI) in 2017. The Netherlands, Japan, the United States and Hong Kong completed the top five. China was only the sixth largest foreign investor, bringing in US$2.36 billion, or 7.1% of total FDI to Malaysia. That is according to data from DBS Bank," she said.

Law also congratulated all Malaysians on the election outcome, adding that it demonstrates the peaceful, successful and developed country Malaysia has become.

Juwai means "home overseas" and the website is popular among Chinese property buyers from China, Taiwan, Hong Kong, Malaysia and Singapore.