Developers gearing up for higher sales


MIDF Research said total loan applications for January and February was up 8% year-on-year.

PETALING JAYA: Loan applications for property took a breather in February, but they were higher in the first two months of 2024 at RM91bil, indicating stronger demand for property, according to MIDF Research.

The total loan applications for January and February was up 8% year-on-year (y-o-y), said the research house, which expects buying interest on property to grow stronger in 2024 as the outlook for the sector is positive.

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