No bubble burst in Malaysia
August 10, 2011 - Malaysia
Director for Retail Funds Ng Chze How said real estate investment trusts (REITS) would also not experience a burst including those acquired by the group.
He said high wages, ample liquidity and small percentage of non-performing loans in addition to government cooling measures argur well for the property market.
According to Bernama, he said with these factors in place coupled with an economic recovery, there would be more upside in the market.
"Selected Asian properties have yet to reach their previous peak, as such, there is room for potential growth," he said, adding that properties were seen as a good hedge during the current inflationary period.
Via Propery Report
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