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Real Estate Briefing - Categorized | Finance, Mortgage, Regulatory more

Malaysia acts to prevent property bubble

Posted on 19 April 2012

Malaysia is trying to mitigate a US-style subprime mortgage lending crisis after it reported an average 6.6 per cent jump in home prices in the fourth quarter of last year.
“The government is worried about property prices causing a bubble, and we don’t want banks to over-lend to the property sector,” Deputy Finance Minister Datuk Donald Lim was reported as saying………………………………………..Full Article: Source


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