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Friday, March 5, 2010

'Rate hike won't hurt property demand'

Malaysia’s decision to raise interest rates is unlikely to hurt property demand which will be driven by the economic rebound, a strengthening ringgit and affordability levels, according to JPMorgan Chase & Co.

“We remain positive on the property sector as this represents a normalization in rates,” Simone Yeoh, an analyst at JPMorgan, said in a report dated March 4.

By Bloomberg

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