Property turnaround ‘has begun’
Joseph Wong | 17 May 2019 00:30
After three years of slow and steady decline in the demand for properties, the market finally showed some signs of recovery last year.

While the change was marginal, it has sparked hopes that the market could be finally reversing its slide.

Moreover, the central bank’s move to reduce the Overnight Policy Rate (OPR) to 3% from 3.25% on May 7 is seen by property analysts to have a positive effect on the sector.

The property market reached its peak in 2012. But in the following two years, it started to soften with poor demand.

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Allianz announces financial results for Q1 2019

with a total RM1.21 billion recorded in the Group’s Gross Written Premiums (GWP) from January to March this year.