Weaker ringgit may mean good time for foreigners to pick up Malaysian property

Kuala Lumpur

FOR foreigners looking to buy property in Malaysia, the weaker ringgit comes as a boon. It may be still too early in the day, but realtors hope to see a pick-up in interest.

Malaysia Institute of Estate Agents Johor chairman S Vadeveloo said: "If the ringgit continues to trend lower over the next two to three weeks, I foresee some Singaporeans might think it's a good time to buy."

In the past week, the currency has slipped 2.34 per cent against the Singapore dollar, going from 2.566 to some 2.62 at present. Against the …