Investments in the property market should not be seen in isolation from other forms of investment.

As long as it does not reach the 10-11 per cent interest rate, which was recorded during the financial crisis, and remains at the 7-8 per cent level, the property sector will have a good year.

If the Ninth Malaysia Plan were to announce plans to restart some projects which were previously put on hold, it would definitely help the property market.

I look at my forecast and, frankly, I was off by $180 million on their investment-banking side. M&A did extremely well.

Today's package actually tells players to put away any major investment plans and rely on regulation instead.

It's a terrific move. It creates two businesses, each focused on their own area, and two investment vehicles that are more closely aligned with the kind of performance that investors are looking for.