Tan Sri Dato’ Sri Leong Hoy Kum, Mah Sing Group Berhad’s Group Managing Director cum Group Chief Executive, recently commented, "Bank Negara has given earlier indications of such a move so this should not come as a surprise to many.  The proposal to cap loan-to-value ratio at 70% affects 3rd house financing facilities onwards, and should not affect the overall sentiments of the market significantly which comprises mainly first time buyers and upgraders."

"We believe that there is no property bubble as price increases has only been for properties with good concepts by branded developers, and sited in good locations.  As long as developers offer quality properties with good concepts in prime locations, there should still be takers due to our strong employment market, low interest environment and good liquidity in our financial system," he added.