Strong buying interest spur loan applications

MIDF Research said total loan applications for the purchase of property grew 3.2% year-on-year to RM58.5bil in May 2024.

PETALING JAYA: The earnings outlook for developers appears bright, based on the positive loan application data signals, according to MIDF Research.

Citing data released by Bank Negara, MIDF Research said total loan applications for the purchase of property grew 3.2% year-on-year (y-o-y) to RM58.5bil in May 2024, following growth of 15% y-o-y in April 2024.