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KUALA LUMPUR (Jan 15): MBSB Investment Bank Bhd maintained a positive outlook on the property sector, expecting solid buying interest to support developers’ prospects.
The investment bank said total loan applications for property purchases were broadly unchanged at RM55.3 billion in November 2025, up just 0.14% year-on-year (y-o-y) after three consecutive monthly gains from August to October, signalling that buying interest in the property market remains stable.
On a monthly basis, applications dropped 8.3% in November, erasing the 9.6% gain recorded in October, reflecting temporary volatility in property demand.
Cumulatively, total loan applications for the first eleven months of 2025 (11M 2025) reached RM605.7 billion, up 3.08% y-o-y, on track for a positive close to the year following 4.85% growth in 2024.
“Overall, buying interest in property remains resilient, and we expect momentum to continue in 2026 given the sector’s positive outlook,” MBSB Investment said in a note today.
The bank added that recent corporate activities by developers, including the listing of real estate investment trusts (REITs) by IOI Corporation and SP Setia, are likely to bolster sentiment in property stocks.
MBSB Investment highlighted Mah Sing, noting growth prospects underpinned by expanding industrial property exposure through a recent joint venture with KLK Land. The outlook is further supported by steady sales of its affordable homes.
For Matrix Concepts, stable sales at Bandar Sri Sendayan are expected to support near-term earnings, while the acquisition of Horizon L&L strengthens its presence in Klang Valley.
Meanwhile, UOA Development’s maiden project launch in Johor is anticipated to lift property sales in FY2026.
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