DON'T UNDERSELL MALAYSIA, SAYS GLOMAC BHD'S CEO.

from BERNAMA, The Malaysian National News Agency PETALING JAYA, Sept 30 (Bernama) -- Not enough is being done by the government to promote the sale of Malaysian properties to foreign buyers, Glomac Bhd's Chief Executive Officer Datuk Fateh Iskandar Tan Sri Mohamed Mansor said.

He said among countries in the Asian region, Malaysia has the best rules and guidelines that favoured sale of properties to foreigners and yet offtake was declining.

"Malaysians are actually underselling the country's property market to foreigners.

"Although guidelines have been liberalised to attract foreigners to purchase residential, commercial and industrial properties in …