L&G foresees steady demand in property sector despite challenges

PETALING JAYA: Property developer Land and General Bhd (L&G) expects the demand for the property sector to remain stable despite challenges such as the anticipation of rising interest rates as well as the increasing cost of materials and labour.

L&G managing director Low Gay Teck said the current overnight policy rate (OPR) of 2.50 per cent is still below the threshold of three per cent recorded during the pre-COVID-19 period.