PRESS RELEASE: Having successfully invested more than US$500 million in global real estate...

New cooling measures announced by the government on Thursday evening (Jul 5) sparked a last minute buying frenzy, as buyers rushed to avoid paying additional taxes on their new home purchases.

New cooling measures on residential property to “cool the property market and keep price increases in line with economic fundamentals”.

Malaysia will review the implementation the high-speed rail line to Singapore, among other mega projects, according to the newly appointed economic affairs minister Mohamed Azmin Ali.

This comes on the back of a population of between 6.3 million to 6.5 million by 2030.

Many of the investors have been middle-class citizens from China, lured a massive promotional campaign promising an affordable project “near Singapore”.

With the all-too-frequent MRT train disruptions lately, property agents say that the once oft-used benefit of properties “near MRT station” no longer works.

Sentiment among developers is highest in the past few years, but will higher property prices trigger the Government to act again?