MALAYSIANS BULLISH ON LOCAL PROPERTY MARKET

KUALA LUMPUR, Sept 23 (Bernama) -- Malaysians remain bullish on the local
property market, according to iProperty.com Group's online Asia Property Trends
Survey 2008.

In a statement here Tuesday, iProperty.com said the survey, which revealed
the buying habits and trends of approximately 2,000 local and overseas property
buyers who visited its website, www.iProperty.com.my, was conducted online from
Aug 1-31, 2008.

"The survey showed 67 of the respondents expected property prices to go up
by more than 10 percent in the next six to 18 months.

"Fascinatingly, 13 percent of them felt that Malaysian property prices
will increase by over 40 percent in the same period," it said.

iProperty.com said the survey also showed 50 percent of the respondents had
purchased at least one property over the last 24 months and 89 percent of them
intended to buy property within the next 12 months.

The survey showed that Malaysians were also interested to buy landed
properties with 63 of the respondents keen on ready-made/completed landed
property.