Industry News Update (16 May 2023)

Napic expects recent OPR hike to impact residential property demand

The increase in the overnight policy rate (OPR) to 3% on May 3 is expected to have an impact on property market activity, particularly residential demand, said the National Property Information Centre (Napic).

Malaysian residential properties have become more, not less, affordable

Home ownership affordability, or rather, unaffordability, has been a hot-button issue for the longest time, not just domestically but also in many parts of

Property market remains robust despite OPR hike to 3%, says Rehda president

The Malaysian property market remained robust despite the rise in the overnight policy rate (OPR) by 25 basis points to 3%, said the Real Estate and Housing Developers’ Association (Rehda) Malaysia.