Press Release: Malaysia’s Property Outlook Stabilises

Kuala Lumpur, Wednesday 6th April 2009.

Thinkproperty.my has been carrying out an on-going survey, since May 2008 through its website. Nearly
1,700 participants have responded to the survey. The survey provides a snapshot of the current status of
the property market and reveals some interesting trends.

Summary of Findings

The thinkproperty.my Property Outlook Index has recovered from its early-March low of -58% to -46%, a
sign that the market could be stabilising. The index, however, remains close to an all-time low. Asim
Qureshi, CEO of Think Media Sdn Bhd, the company that owns thinkproperty.my commented “Falling
interest rates and perhaps expectations of the positive impact of the stimulus packages, as well as hopes
of a drive from the new leadership could be bringing back some much needed optimism into the market,
or at least be preventing pessimism from increasing further.”

The survey gave another positive sign. Shares and property have become increasingly favoured over the
course of the month at the expense of the more defensive fixed deposits.

Qureshi concluded that “While the survey results are not providing a clear direction as to where the
market is moving, there are a few subtle signals contained within the results from this survey which
indicate that the market is potentially stabilising.”
Further Information

The thinkproperty.my Property Outlook Index has recovered from its early-March low of -58% to -46%, a
sign that the market could be stabilising. The index, however, remains close to an all-time low. The
survey asked participants their opinion on the outlook for the Malaysian property market over the next
12 months. The index takes the number of participants that believe prices would rise, subtracts the
number of participants that believe prices would fall, and then divides this figure by the total number of
participants, and calculates this on a rolling 30-day basis.

Thinkproperty.my Property Outlook Index

Qureshi commented that “Falling interest rates and perhaps expectations of the positive impact of the
stimulus packages, as well as hopes of a drive from the new leadership could be bringing back some
much needed optimism into the market, or at least be preventing pessimism from increasing further. I
believe the stimulus packages will play a significant role in providing liquidity to the property market .
Banks have become more conservative, but they are still lending, and thus the strength of Malaysian
banks has been an important reason why Malaysia’s property market has outperformed most other
property markets in the developed world.”

The Favoured Investment Evolution Chart below was compiled by asking participants which investment
they believe would be the best investment to make at present (without stating a time frame). The height
of each of the shaded regions shows the percentage of participants that thought the respective
investment type was the best investment, calculated on a 30-day rolling basis.

Favoured Investment Evolution Chart

The chart shows relative stability over the last month. Shares have become more favoured during the
course of March, rising from 11% favouring to invest in shares at the beginning of the month to 17%
towards the end of the month. Qureshi believes this may be due to the recent stability the KLCI has
demonstrated over the last few months. Fixed deposits became slightly less favoured, falling from 32%
of participants favouring them to 29% during the course of the month. Qureshi pointed that out that
“this could be just another signal that people are becoming that little bit more optimistic as fixed
deposits are usually a defensive play. “

Property remained firmly as the most favoured investment, with 54% preferring property over the other
two investment classes.

The Favoured Property Type Evolution Chart has been calculated in a similar way to the Favoured
Investment Evolution Chart. Participants were asked which property type they believed would
appreciate the most over the next 12 months.

Favoured Property Type Evolution Chart

The survey shows that landed property remains the most favoured property asset class in Malaysia, with
little change from the previous few months. Qureshi added that “Agricultural land seems to be coming
back in favour, with 15% of participants favouring it”
About thinkproperty.my

Thinkproperty.my (formerly known as thinkproperty.com.my) is Malaysia’s fastest growing property

website, owned by Think Media Sdn Bhd.

Launched in October 2007, it is Malaysia’s only Web 2.0 property website. It is already the no.1 free
property website in Malaysia in terms of new listings, with a database of over 35,000 quality property
listings, with over 2,500 new listings per week.

About Asim Qureshi

Asim Qureshi is the CEO and co-founder of thinkproperty.my. He is a former Vice President of Credit
Suisse, where he was Head of Commercial Mortgage Backed Securities Research, based in their
European headquarters, in London. He is also a physics graduate from the University of Oxford.

For media queries, please contact:

Jennifer Cheng
Office : +6 03 7713 5164
Fax : +6 03 7713 5163
Email : jennifer@thinkproperty.my

For marketing queries, please contact:

Eddie Chen
Office : +6 03 7713 5154
Fax : +6 03 7713 5163
Email : eddie@thinkproperty.my