Malaysia residential property demand to fall further: report

Singapore

DEMAND for residential properties in Malaysia is set to drop further this year due to cooling measures and weaker buyer sentiment, Moody's Investors Service said in its latest quarterly report on South-east Asia economies.

"We expect the anticipation of higher mortgage rates in 2015 and the implementation of a 6 per cent goods and service tax in April to dampen sales in 2015 as buyers take a wait-and-see approach," said Ms Jacintha Poh, Moody's assistant vice-president.