Property market robust despite OPR hike, says Rehda

THE Malaysian property market remained robust despite the rise in the overnight policy rate (OPR) by 25 basis points to 3%, the Real Estate and Housing Developers’ Association (Rehda) Malaysia said.

Its president N.K. Tong said there will be a tailwind amid the inflationary environment, particularly after the property sector is opening up after three years of pandemic.