KUALA LUMPUR, April 17 (Xinhua) -- Analysts in Malaysia have held mixed views on the outlook of the country's property sector.
MIDF Research said in its recent report that it remained positive on Malaysia's property sector as it expects a further recovery in the property sector in 2024.
According to the research house, buying sentiment on a property is expected to remain healthy going forward and the unchanged overnight policy rate (OPR) since July 2023 at 3 percent is also supportive of the recovery.
Kenanga Research, however, said that it remained cautious about Malaysia's property sector due to oversupply, high household debt, elevated interest rates and weakened consumer sentiment, which could further be dampened by escalating living costs.
Looking ahead, it said the sector is expected to maintain its focus on affordability, driven by factors such as population growth, urbanization, and increasing demand for reasonably priced units.
RHB Research, on the other hand, said that Malaysia's property sector will continue to be driven by positive news flow on potential infrastructure developments, active land transactions, and the influx of foreign direct investments and expansions by local manufacturing players. ■
