SURVEY: MALAYSIAN GOVT MEASURES SUPPORTING M'SIA'S PROPERTY MARKET

KUALA LUMPUR, Oct 5 (Bernama) -- Shrewd Malaysian government measures have
been instrumental in supporting Malaysia property market, according to a survey.

Thinkproperty.my said in its study that 77.8 per cent of the respondents
believed the government's move in abolishing real property gains tax in April
2007 benefited the sector.

The company said in a statement that 22.2 per cent of survey participants
found no benefit, 69.9 per cent of the respondents felt a positive impact from
the lowering of interest rates soon while 30.1 per cent said they did not feel
any positive impact.

About 45.8 per cent of survey participants said the country was better
prepared for the downturn than in the last Asian crisis while 29.2 per
cent said they were not less prepared and 25 per cent said there were unsure.

" All of these measures are creating a strong sense of investor confidence
in Malaysia.

" This, combined with the healthy banking sector which has learnt its
lesson from the last crisis, has resulted in a vibrant, healthy and robust
property sector at a time when other markets across the world are struggling,"
it added.

-- BERNAMA