You are here

Malaysian developers tout weak ringgit as key selling point

But bearish view of currency remains, property oversupply also a concern

BT_20150825_LKMALAYSIA_1840548.jpg
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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes