01.10.2008 - Malaysia: Property market remains soft
From Bernama: The property market in Malaysia is still soft as higher inflation and the gloomy outlook for the global economy has impacted buyer sentiment. "People are taking a wait and see attitude," Real Estate and Housing Developers Association (REHDA) president, Datuk Ng Seing Liong said. The recent government incentives for the property industry has not helped much to spur buyer sentiment, he told Bernama recently. "Probably, there should be more incentives such as the stamp duty waiver for the transaction of houses costing RM1 million and below," he said..... Full Article: Source
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