Singapore's 4-year property boom fuels Malaysia spillover bubble
Malaysia to tighten rules on foreign buyers.
According to a report by Bloomberg, Malaysia is seeing the spillover from Singapore’s four-year property boom and its subsequent efforts to cool the market. Prices of homes at Horizon Hills have jumped almost threefold over the past five years amid a flurry of foreign buying, according to data from property broker Knight Frank LLP.
Now Malaysia is taking steps to prevent its own real estate inflation from emerging and appeasing locals who say they can no longer afford to own a home.
Read full report here.