Govt must prepare for property bubble burst, says IDEAS


The peculiar evolution of the Malaysian property market over the past decade has led to a large number of unsold properties in the high-end segment and unsatisfied demand for affordable housing, says IDEAS senior fellow Dr Carmelo Ferlito. – The Malaysian Insight file pic, July 24, 2018.


THE government needs to be ready to respond with market-oriented solutions when the property bubble bursts, said Institute for Democracy and Economic Affairs (IDEAS) 

IDEAS senior fellow Dr Carmelo Ferlito in a new policy paper advised the government to downsize its role in the property market by reducing the number of government agencies and encouraging the private sector to invest in the affordable housing market.


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