MIDF Research maintains positive outlook on property sector
According to the National Property Information Centre, Malaysia’s house price index has been on an upward trajectory since 2022, following the reopening of the economy.
According to the National Property Information Centre, Malaysia’s house price index has been on an upward trajectory since 2022, following the reopening of the economy.
Looking back at 2023, the research house said approved loan for the purchase of property was strong at RM261 billion last year, driven by the higher loan application, while approved loan data in January 2024 remained encouraging as it grew by 40.
Meanwhile, the group’s customer deposits increased by 30.
MIDF said EcoWorld recorded total new sales of RM3.
The appointments take effect on Tuesday, according to MBSB's bourse filings.
Despite profit rising to RM13.
Pointing to recent news on the possibility of a high-speed rail (HSR) project between Ipoh and Kuala Lumpur, MIDF said the project would improve demand for properties in Ipoh and concurrently benefit property developers that have exposure in the state.
Nevertheless, the research house said on a brighter note, the earnings outlook for Pavilion REIT remains optimistic, driven by a positive rental reversion outlook for Pavilion KL Mall.
The research house kept its positive stance on the sector and said property demand will keep recovering as the benchmark overnight policy rate rate is likely to stay the same for this year.
It also sees the unchanged overnight policy rate (OPR) as positive for property companies, supporting recovery in demand for properties and buying interest.