Biggest renter group in Malaysia are millennials, study shows
KUALA LUMPUR, April 16 -- Millennials were the biggest category of renters in 2023 and accounted for 37.8 per cent of all rental transactions in the country, said a new study.
According to real estate technology group Juwai Iqi's 2024 Home Renters Generational Trends Report released today, the next biggest was Generation Z that accounted for 30.7 per cent of rental transactions.
Baby boomers accounted for 2.7 per cent of transactions but paid the highest in rent.
"Over the past five years, Generation Z has seen the fastest growth in its share of rental transactions.
"In the first quarter of 2024, Generation Z accounted for a 3.5-fold larger share of all transactions than in the first quarter of 2019.
"The generation that pays the hig...
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