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real estate

Malaysian authorities worry about 70% drop in real estate investments

Approved investments in Malaysia’s 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). “It is a concern because the drop is substantial,” said International Trade and Industries Minister Datuk Seri Ong Ka Chuan….