Government hand in property rental might dent interest in Malaysia properties

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.