KUALA LUMPUR — 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 House Price Index (HPI) outlook, an unchanged overnight policy rate at 3.0 per cent, and a noticeable reduction in residential overhang.
Additionally, the upcoming infrastructure projects such as the Johor Bahru-Singapore Rapid Transit System (RTS) Link and Penang Light Rail Transit (LRT) will further improve connectivity and support buying sentiments on property in Malaysia, the research firm said.
According to the National Property Information Centre, Malaysia’s HPI has been on an upward trajectory since 2022, following the reopening of the economy.