PETALING JAYA: There were more interest in property purchases for the first 10 months of this year compared to 2016 based on the latest Bank Negara statistics, said a research house.

MIDF Research said in a report it is maintaining a positive stance on the property sector based on loan statistic from Bank Negara and a stable House Price Index outlook from the National Property Information Centre (Napic).

It also viewed certain property counters with Klang Valley projects positively.

The report said total applied loans for property purchases in October increased 17.6% year-on-year (y-o-y) to RM29.6bil. On a 10-month basis, it grew 13% y-o-y to RM275bil.

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