Sixty-seven percent of Malaysians are able to buy their own house, Malaysia Property Incorporated chief executive officer Kumar Tharmalingam said today.

He said properties costing around RM300,000 are particularly popular among young Malaysians.

“The Malaysian property market is one of the most affordable and is on par with most attractive markets in the region in terms of design, innovation and regulations,” he told reporters after opening the iProperty.com Real Deal Expo 2012 in Kuala Lumpur.

Based on research conducted by a Japanese magazine, one million Japanese are interested in Malaysia’s real estate, Kumar said.

He said Malaysia has become the first choice among foreigners, particularly Japanese who are about to retire.

The three-day event from today is hosting 65 residential and commercial companies at the Kuala Lumpur Convention Centre.

- Bernama