Malaysian banks, property developers resilient, says Moody's

KUALA LUMPUR:- Malaysian banks and property developers are resilient to possible shifts in sentiment and falling property prices, says Moody's Investors Service.

Moody's senior vice president, Stephen Schwartz, said the agency anticipated a soft landing for Malaysia's property prices, supported by robust, albeit decelerating gross domestic product growth, and stable housing demand from middle-income households.