The number of high-net-worth individuals (HNWIs) in Malaysia is on the rise, aligning with a global trend of increasing wealth accumulation, according to Knight Frank’s Wealth Report.
In it, the real-estate consultancy said Malaysia’s growing ultra-wealthy population is also driving demand for luxury real estate and prime commercial properties.
“The growing population of high-net-worth individuals in Malaysia is reshaping the local real estate market,” said Dominic Heaton-Watson, Associate Director – International Residential at Knight Frank Property Hub.