Property sector showing signs of bottoming out

Quick Summary:

THE property market has exhibited clear signs of bottoming out and stabilizing due to a recent forceful policy package aimed at easing access for and reducing the financial burden on homebuyers, although dedicated efforts are still needed for a solid recovery next year, officials and analysts said.

This is a clear indication that the government's targeted policy steps have helped arrest the downward spiral in the property sector and underpinned its gradual recovery, according to the meeting.

This followed a series of policy changes introduced in September, which included reducing the minimum down payment ratio to 15 percent across all housing categories and relaxing home purchase restrictions.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Homebuyers Property Property Financial /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 14:10:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24668457

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 41 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 38 minutes ago

Coverage Areas: Malaysia

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Publisher ID: #22

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