Kuala Lumpur, Malaysia – 25th February 2025 – The Manhattan Ballroom at Berjaya Times Square buzzed with vibrant energy as professional real estate dealers, brokers, market researchers and Ministry Of Home Affairs convened for the highly anticipated MAREC 2025.
Leadership & Innovation
Malaysian Institute of Estate Agents (MIEA) President Tan Kian Aun warmly welcomed the esteemed presence of Nga Kor Ming, the Minister of Housing and Local Governments, expressing that, “Your presence reinforces the vital connection between the government and the real estate fraternity.” Tan emphasized the crucial role of innovation in driving industry progress, urging attendees to harness emerging opportunities in the coming year to propel the real estate sector to new heights.
The Malaysian Real Estate Convention (MAREC) 2025 marks its 39th year, celebrating a significant milestone in uncovering insights that nurture the growth of the property market and economy of the country.
AI’s Transformative Role
Organizing Chairman Ethan Leong Yung Sen highlighted in his keynote address the convention’s 39th anniversary, emphasizing the theme “Insights and Strategies for Malaysian Real Estate” in light of rapid market changes driven by technology, evolving consumer preferences, and global shifts. He unraveled the transformative role of AI in real estate and announced the goal of achieving a Malaysia Book of Records recognition for the largest gathering of licensed real estate practitioners at a single convention.
Leong also expressed gratitude to sponsors, the MIEA Board, and the MIEA secretariat, encouraging attendees to actively participate in shaping the future of the industry.
Minister’s Insightful Speech
Housing & Local Government Minister Nga Kor Ming praised the healthy growth in Malaysia’s real estate sector, saying “2024 has been a remarkable year for both Malaysia’s economy, and the real estate sector.”
For the record, property transactions reached up to RM217.46 billion in the previous year, far exceeding the RM100 billion target set by the government. This was said to be a significant jump from RM179 billion in 2022, and 21.44% growth would be accumulated if it was combined with the year of 2023.
After thanking Prime Minister Dato’ Sri Anwar Ibrahim for supporting the country’s stable economy and politics, the ministry also introduced multiple initiatives to support Malaysia’s real estate scheme, including:
- Increased property funding & enhancements, maintenance programs in BUDGET 2025
- Upgrading PPR to PRR
- Tax reliefs to be offered until 2027
New Horizons Ahead
The future of Malaysia’s real estate looks bright with the continued success of MAREC, which serves as a platform for innovation and collaboration. The government’s initiatives, including tax relief and investments in affordable housing, will further propel the industry forward. With emerging technologies and strong public-private partnerships, Malaysia’s property market is set for continued growth and transformation in the years to come.
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