PropertyGuru: Bank Negara’s overnight policy rate cut a boon for property market | Malay Mail

Thursday, 23 Jan 2020 04:56 PM MYT

He said although the OPR rate cut has minimal impact on home loan rates, it is still a silver lining for industry players which was largely overlooked by Budget 2020. During a similar rate cut by the central bank in May last year, the market saw a 13 per cent jump in loan approvals, he said, adding that yesterday’s decision by the BNM might lift sentiments among potential purchaser.

PropertyGuru Malaysia he said, has discovered that about 63 per cent Malaysians felt the government was not doing enough to make houses in the country affordable.

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