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MIDF Research maintains positive outlook on property sector

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KUALA LUMPUR, April 18 ― MIDF Research has maintained a positive outlook on the property sector as it sees the landscape for the sector is improving, underpinned by a stable...

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Additionally, the upcoming infrastructure projects such as the Johor Baru-Singapore Rapid Transit System Link and Penang Light Rail Transit will further improve connectivity and support buying sentiments on property in Malaysia, the research firm said. In 3Q 2023, the HPI stood at 219.4, marking a notable increase from 216.8 recorded in 2Q 2023 and 218.0 in 3Q 2022.

According to Bank Negara Malaysia, the total loan application for the purchase of the property declined by 21 per cent month-on-month in February 2024 to RM40.1 billion due to the short month.

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