Housing market steady despite increase in OPR

Juwai IQI co-founder and group chief executive officer Kashif Ansari said in a statement that housing market indicators have been positive over the past three quarters with rising transaction volume and declining overhang.

“For buyers, the higher mortgage is offset by improved household financial circumstances among many families,” he said. For a RM500,000 mortgage at 3.5% and a remaining 20-year term, a 0.25% rise in interest rate would lead to an additional RM124 per month.“We could see the number of projects being planned and those starting construction over the next six months moderatiing.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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OPR rise to help banks’ NIMs and earningsPETALING JAYA: The hike in the overnight policy rate (OPR) hike by 25 basis points to 3% by Bank Negara will help alleviate pressure off net interest margins (NIMs) for the banking sector in the second quarter of 2023, analysts say.
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