Malaysian property prices continue to rise

Home values in Malaysia are expected to grow at a high but sustainable rate this year, says one local agent.

In a Property Report article, managing director of CH Williams Tahir & Wong, Foo Gee Jen, said he expected residential property prices across the country's prime areas to grow between 10 and 15 percent.

The government's moves to cap market growth and prevent overheating by implementing a 70 percent lending limit on third house financing had helped to slow growth to a more sustainable pace, Jen said. 

"The government announcement to lower the cap on the loan-to-value ratio gave a bit of a psychological effect on people", he said.

Source: Property Showrooms