Property sector outlook brightens

Improved prospects: People checking out housing projects at a property fair. A shift to more affordable projects is expected to spur demand in Malaysia.

PETALING JAYA: The property sector’s outlook is improving amid the downwards trend in the property overhang and inventory levels of developers, says MIDF Research.

The unchanged overnight policy rate is also positive for property companies, which helps to support recovery in demand, the research house added.