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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