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Favourable winds sought for Malaysian real estate

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2016 to see support for affordable housing and end-financing, but more needs to be done. CONDITIONS in the Malaysian property market have been challenging to industry players, but recent developments to support the affordable housing market and the facilitation of end-financing for potential housebuyers are considered favourable to the real estate industry. Sharing an overview of the property market in recent times, Real Estate and Housing … Read more

Ringgit expected to remain weak, BNM may keep OPR at 3.25% in 2016

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Analysts expect the Ringgit to remain weak and Bank Negara to keep the overnight policy rate (OPR) at 3.25 percent in 2016, following the interest rate hike by the US Federal Reserve, reported The Sun Daily. Notably, the Fed’s Open Market Committee (FOMC) increased the target range for the federal funds rate (FFR) to 0.25 … Read more

Slowdown in property demand to persist until 2017

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Maybank Investment Bank Research expects the slowdown in property demand to persist for another 12 months until 2017, reported The Star. “While some projects have shown some signs of sales stabilisation, there are no signs of a broad-based pick-up just yet. We expect overall property sales to stay weak amid the slowing economic momentum,” it … Read more