Malaysians working in Singapore gain spending power as ringgit slumps

SINGAPORE — Pius Chuo, a 30-year-old Malaysian working as a business development executive for an energy company in Singapore, plans to buy a house back home this year, as real estate is becoming more affordable relative to his income as the Malaysian currency falls.

“With the weakening ringgit, it is indeed enticing me to look at Malaysian property more because the impact of the foreign exchange rate is magnified with larger transactions,” he said.