KUALA LUMPUR, March 29 ― Activity in the housing market continued to be robust in the second half (2H) of 2022, following the resumption of economic activities and improved...
KUALA LUMPUR, March 29 ― Activity in the housing market continued to be robust in the second half of 2022, following the resumption of economic activities and improved employment conditions, said Bank Negara Malaysia .
Despite rising inflationary and cost of borrowing pressures, BNM said activity in the housing market is anticipated to sustain its recovery momentum, backed by the gradual improvement in income and business conditions and policy measures. It said the number of unsold housing units has been on a declining trend but remained high compared to the historical average of 151,683 units, after hitting its peak during 4Q 2021 of 183,918 units, compared with the 2015-2019 average being 130,210 units.
The slow take-up rate of these units is not expected to materially depress broader house prices, given that there are no significant concentrations of these units in key areas or projects, said the central bank. “This was a positive development in helping to reduce further risks of demand-supply imbalances,” it said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Housing market continues to be robust in 2H 2022 - Bank NegaraKUALA LUMPUR: Activity in the housing market continued to be robust in the second half (2H) of 2022, following the resumption of economic activities and improved employment conditions, said Bank Negara Malaysia (BNM).
Read more »
Bank Negara assets increase to RM619.04bil in 2022KUALA LUMPUR: Bank Negara Malaysia’s (BNM) total assets increased to RM619.04 billion as at Dec 31, 2022, as compared with RM551.61 billion the year before, with RM503.33 billion of international reserves portfolio constituting the bulk (81 per cent) of the assets.
Read more »
Bank Negara introduces standardised housing loan, home financing agreement for retail customersThe initiative seeks to enhance the quality-of-service delivery, promote consumer understanding and comparability of key terms and conditions.
Read more »
Housing market continues to be robust in 2H 2022: BNMBNM said that, nonetheless, the housing market continues to face downside risks arising from persisting demand and supply imbalances. theSun thesundaily BNM housingmarket propertymarket
Read more »
Insurance, takaful sector to remain resilient on strong capital, liquidity positions - Bank NegaraKUALA LUMPUR: The insurance and takaful sector is expected to remain resilient, supported by strong capital and liquidity positions.
Read more »