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Malaysian developers tout weak ringgit as key selling point

But bearish view of currency remains, property oversupply also a concern
Tuesday, August 25, 2015 - 05:50
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An artist's impression of Damansara City. A special sale of its residential offering in Singapore draws eight bookings.

Singapore

EXTREME weakness in the ringgit is presenting a lower entry cost for investors hoping to own a piece of property in Malaysia - a tune increasingly sung by developers as a value proposition when marketing their projects in Singapore. But economists and forex strategists are not