While Bank Negara Malaysia's (BNM) decision to keep the overnight policy rate (OPR) unchanged at 3% in its final monetary policy committee meeting for the year was well expected by economists following Malaysia's positive economic growth, they, however, appear divided on the central bank's stance going forward.
“We maintain our overweight stance on both the property and MREITs sector.”
The construction engineering solutions and services provider is set to have a market capitalisation of RM212.1 million upon listing, with an enlarged share capital of 606 million shares.
The relaxation of Malaysia My Second Home (MM2H) rules, more infrastructure projects and expansion of the Skim Jaminan Kredit Perumahan (SJKP) will offset the impact of a flat 4% stamp duty on memorandum of transfer (MOT) by non-citizens and foreign-owned companies in property transactions on the real estate sector, said MIDF Research.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
