Outlook continues to improve for local builders

Rising numbers: Construction workers at a property development site in Bangi. MIDF Research says more local builders are moving into projects involving industrial property.

PETALING JAYA: The property sector in Malaysia is seen to be recovering, as evidenced by the marginal uptick in loan application for property purchases.

According to MIDF Research, demand for properties in Malaysia is expected to improve in the coming months, in part, supported by Bank Negara’s recent decision to keep interest rates unchanged.