“Home-buyers’ purchasing power will likely improve due to lower loan instalments but we expect the spillover effects on the property sector to be negligible, given the anticipated contraction in GDP and slowing household income trend this year.
PETALING JAYA: The latest overnight policy rate (OPR) cut is unlikely to have a significant boost on the property sector, given the gross domestic product (GDP) contraction, slowing income trend and Covid-19 disruption, according to CGS-CIMB Research.
“Home-buyers’ purchasing power will likely improve due to lower loan instalments but we expect the spillover effects on the property sector to be negligible, given the anticipated contraction in GDP and slowing household income trend this year.
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