In a statement, the research arm said this is underpinned by a stable House Price Index outlook, an unchanged overnight policy rate at 3%, and a noticeable reduction in the residential overhang.Additionally, it said the upcoming infrastructure projects such as the Johor Bahru-Singapore Rapid Transit System Link and Penang Light Rail Transit will further improve connectivity and support buying sentiments on property in Malaysia.
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year.
At the same time, it noted that loan applications declined on a yearly basis for the first time in eight months as demand for property took a breather.Meanwhile, Bank Negara Malaysia said the total loan application for the purchase of property declined by 21% month-on-month in February 2024 to RM40.1 billion due to the short month.