KUALA LUMPUR: Bank Negara Malaysia’s recent overnight policy rate (OPR) cut to 2.75 per cent is expected to boost buyer sentiment and ease mortgage pressures, says PropertyGuru and iProperty Malaysia country manager Kenneth Soh.
“This may mark the start of a more accommodative cycle to support economic resilience,” he said, noting that improved lending conditions could nudge hesitant buyers back into the market.
Soh added that the lower OPR would make home loans more affordable, especially when paired with measures like the Housing Credit Guarantee Scheme. “This opens a realistic path to ownership for those previously priced out,” he said.
He expects demand to rise first in the mid-range and affordable housing segments, potentially driving bookings and new launches. High-end properties may also benefit, particularly from long-term investors and upgraders.
“Developers offering value-driven homes in liveable, well-connected areas stand to gain most,” Soh said.
BNM’s 25-basis-point cut on July 9 is its first since 2023, aimed at supporting growth amid moderate inflation and softening loan costs across sectors. – BERNAMA
