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Malaysia moves to avert housing bubble

Posted on 07 December 2010

From Realestatechannel.com: Like countries around the globe concerned with rising home prices, tiny Malaysia is taking steps to avoid a real estate bubble crash. The Southeast Asia nation, with a land mass of 127,350 square miles and a population of 28 million, is writing new rules to curb property speculation.
The country’s central bank announced third-home buyers are now restricted to a maximum loan of 70% of the property’s value……………………………………….Full Article: Source

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