Industry News Update (17 February 2023)

Budget 2023: LBS calls for revival of the Home Ownership Campaign and reduction of financing costs, among other things

 LBS Bina Group Bhd today announced its wish list for Budget 2023 that will be tabled on Feb 24.

Easing property overhang reflects optimism for 2023

THE improvement of overall residential overhang units in the third quarter of 2022 (3Q22) indicates optimism on the property market for 2023.

Property developers to take advantage of rate hike pause

THE central bank’s recent pause in rate hike should augur favourably for overall housing demand, more so for the affordable to mid-range properties where buyers are more interest-rate sensitive.