Weaker ringgit will boost foreign investment in property sector, says developer

KUALA LUMPUR: A weaker ringgit will attract more foreign investment into the country's property sector, Guocoland (Malaysia) Bhd managing director Tan Lee Koon said on Thursday.

On Monday, the ringgit breached the 3.80 level against the US dollar, the level at which it was pegged against the greenback in September 1998.