Housing market steady despite increase in OPR

KUALA LUMPUR: The housing market is expected to remain robust with moderate price increases and demand continuing to grow despite the rise in the overnight policy rate (OPR) by 25 basis points to 3%.

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.