The outlook of the property sector remains optimistic, with Bank Negara Malaysia’s announcement in September to maintain its overnight policy rate (OPR) at 3% and expectations that the OPR will remain unchanged this year. Stable OPR will bring confidence to the real estate market, which will then have a broader impact on the overall economy.
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As cities become more built up and dense, one way to get around a lack of space is to place land-hungry infrastructure underneath. Malaysia is celebrating its prowess in such developments.