MIDF Research stays neutral on property sector, sees improved buying sentiment on unchanged OPR
Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.
Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.
“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.
MBSB is in the midst of acquiring MIDF via a RM1.
“We believe there could be one more OPR hike by end-2023 to 3.
The rate hike, after two consecutive pauses in early 2023 at 2.
"We believe loan growth will be supported by the resilient household sector on the back of improved income and steady labour market conditions, as reflected in the lower unemployment rate,” Kenanga said.
According to AIBIM, financial institutions are required to stop imposing fees on housing loan and home financing documents to lawyers from Feb 1 this year as part of the standardisation exercise.
Thursday's decision to maintain the OPR at 2.
This is the second consecutive time the central bank maintained its benchmark interest rate after four straight hikes last year by a cumulative 100 basis points to tame inflation and respond to tightening fiscal policy by the US Federal Reserve.
Since 2013, banks have somehow been “selling” and “billing” the security documents to lawyers for prices ranging between RM100 and RM600.