I personally remain skeptical that sentiment can suddenly turn positive because of a cut in OPR by 25 basis points. However, this cut will help to convert a few people who were still considering into buying a home and I think this is what our BNM governor have in his mind. It will also allow businesses to have a bit more ‘extra’ whether to spend or to invest which is good for the economy. As for the recovering second half, I personally believe the growth is likely to be higher compared to H1 which I think should be reassuring enough for many when compared to the world out there.
One developer Naza TTDI Sdn Bhd will be launching new projects worth a combined RM1.4 billion in H2 2016.It said that these launches would be relying on the expected recovery in demand for property investments, especially after the cut in OPR last week. Reported in Starbiz, its deputy executive chairman and group managing director SM Faliq SM Nasimuddin said, “The relatively weak market sentiments have pushed property buyers and investors to be more selective in their purchases.” In fact he expects properties with good rental yields and accessibility to continue to be in demand.
It will be launching TTDI Olivina in August 2016. Besides that it will also be developing another 4.3 acres in KL Metropolis which include two commercial towers and one high-end serviced residential block. It will be launched in November 2016. This high-end development is within the affluent neighbourhoods of Damansara Heights, Bangsar, Mont Kiara and Sri Hartamas. He further shared that one en-bloc buyer for the commercial towers have been found while another one is in progress before year-end. It’s always important to understand what we are looking for before we buy. Happy believing.
written on 19 July 2016
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