28 Aug '15, 4am

#singapore #property Malaysia’s economic woes could harm Singapore:

#singapore #property Malaysia’s economic woes could harm Singapore:

Comment E-mail to friend Bookmark & Share Singapore will be negatively affected by the depreciation of the Malaysian ringgit and the country’s struggling economy due to close economic links between both countries, said Foreign Affairs Minister K Shanmugam yesterday, reported Channel NewsAsia. “We are the biggest investor in Iskandar Malaysia, so any trouble there is serious issue for us,” he said during a forum organised by the Singapore Press Club called ‘Small state diplomacy: Challenges and opportunity for Singapore’. This means Malaysia’s currency and economic problems won’t leave Singaporeans unscathed, especially those who purchased property in Johor. On a positive note, Singaporeans planning to go shopping across the Causeway will have greater spending power given the current favourable exchange rate of one Singapore dollar per 3.01 ringgit. Romesh Navaratnarajah , ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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