{"id":7144,"date":"2016-03-04T07:00:21","date_gmt":"2016-03-04T00:00:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysian-authorities-worry-about-70-drop-in-real-estate-investments\/"},"modified":"2016-03-08T07:51:14","modified_gmt":"2016-03-08T00:51:14","slug":"malaysian-authorities-worry-about-70-drop-in-real-estate-investments","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysian-authorities-worry-about-70-drop-in-real-estate-investments\/","title":{"rendered":"Malaysian authorities worry about 70% drop in real estate investments"},"content":{"rendered":"


\nThe federal government says it could have a domino effect on other industries
\nImage credit: The Edge Media Group
\nApproved investments in Malaysia\u2019s real estate sector plummeted by 70 percent to MYR26.9 billion (USD6.58 billion) in 2015 from MYR88.6 billion (USD21.67 billion) in the previous year, according to the Malaysian Investment Development Authority (MIDA).
\n\u201cIt is a concern because the drop is substantial,\u201d said International Trade and Industries Minister Datuk Seri Ong Ka Chuan.
\nMore importantly, the massive decline could have a domino effect as the property sector is connected to 200 other industries, he explained.
\nProblems currently affecting Malaysia\u2019s real estate sector include the country\u2019s sluggish economy amidst a slump in commodity prices and the rising cost of living.
\n\u201cThere could be other factors causing this. But this is something that warrants further analysis,\u201d added Seri Ong.
\nAs a result of the massive drop in property investments, total approved investments in Malaysia fell by 21 percent to MYR186.7 billion (USD45.65 billion) last year from MYR235.9 billion (USD57.68 billion) in 2014.
\nNevertheless, MIDA said that the figure for 2015 still surpassed the targeted annual average of MYR148 billion (USD36.19 billion).
\nThis story was originally published on PropertyGuru.com.my on 1 March 2016.
\n
\nSource : property-report.com
\nRead more…Malaysian authorities worry about 70% drop in real estate investments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The federal government says it could have a domino effect on other industries Image credit:...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-7144","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1Re","jetpack-related-posts":[{"id":26862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysias-developer-lending-scheme-market-saviour-or-crisis-bringer\/","url_meta":{"origin":7144,"position":0},"title":"Malaysia\u2019s developer lending scheme: market saviour or crisis bringer?","date":"September 22, 2016","format":false,"excerpt":"\r Analysts and lawmakers are split over a proposal to licence developers as money lenders Sunrise in Kuala Lumpur. jamesteohart \/ Shutterstock As more and more units linger on the market, the Malaysian government is in the midst of passing a potentially seminal policy that could either unburden the property\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inside-malaysias-efforts-to-weather-a-lethargic-property-market\/","url_meta":{"origin":7144,"position":1},"title":"Inside Malaysia\u2019s efforts to weather a lethargic property market","date":"June 22, 2016","format":false,"excerpt":"\r Malaysian and Chinese governments team up for real estate developments Image credit: FreeMalaysiaToday.com Grappling with a comparatively listless property sector, Malaysia is counting on one trick up its sleeve: a continuous outpouring of foreign direct investment (FDI). 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