Government hand in property rental might dent interest in Malaysia properties

Published Sat, Mar 12, 2022 · 05:50 AM

Kuala Lumpur

THE proposed Residential Tenancy Act (RTA) in Malaysia has not only spurred the public's dissatisfaction, but will further dampen international investors' interest in Malaysian properties if the bill passes, property watchers have told The Business Times.

The creation of an additional layer of bureaucracy will make the country less attractive compared to other countries in the region, said National House Buyers Association honorary secretary-general Chang Kim Loong.

The RTA, which aims to provide a legal safeguard for both landlords and tenants, was supposed to be tabled by Malaysia Housing and Local Government Ministry in March. But it has been delayed due to widespread dissatisfaction. In a Feb 23 Facebook post, Malaysia Housing and Local Government Mi…