Daim tepid on Bandar Malaysia, points to property glut

Former finance minister Daim Zainuddin today expressed caution over the revived Bandar Malaysia project, pointing to a reported oversupply of properties in the market.

Met by reporters after a function in Kuala Lumpur, Daim said: "My worry is the huge overhang. Property overhang."

"They (the government) have to handle it... If there are buyers, okay, good...