Huge Investment Drop Worries Malaysia

• 8 June 2016
• International News
• 1897 Views

Malaysian authorities have expressed concern at the impact that a 70 percent drop in real estate investments between 2014 and 2015 may have on other areas of the economy.

Approved investments in Malaysia’s real estate sector fell from $21.67 billion in 2014 to just $6.58 billion in 2015 according to the Malaysian Investment Development Authority (MIDA) International Trade and Industries Minister Datuk Seri Ong Ka Chuan told propertyguru.com that, “It is a concern because the drop is substantial…….this is something that warrants further analysis.”

The potential impact is significant in a poorly performing economy where commodity prices are falling, the cost of living is rising and the property sector is connected to 200 other industries.

• Business and Market
• Economy and Finance