KUALA LUMPUR, May 7 (Bernama) -- Bursa Malaysia closed marginally higher today, supported by continued buying in banking heavyweights following Bank Negara Malaysia’s decision to maintain the overnight policy rate (OPR) at 2.75 per cent. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.98 points, or 0.11 per cent, to 1,758.85 from Wednesday’s close of 1,756.87. The benchmark index, which opened 5.94 points higher at 1,762.81, moved between 1,758.42 and 1,768.46 during the day. Market breadth was positive with gainers beating losers 660 to 583. A total of 593 counters were unchanged, 815 untraded, and nine suspended. Turnover eased to 3.78 billion units worth RM4.24 billion, compared with 3.98 billion units worth RM3.97 billion yesterday.
Singapore’s property market continues to be driven by strong residential investment demand , with the sector maintaining its dominance despite a slight quarterly dip. Residential Sector Remains Market Leader The residential segment recorded S$4.42 billion in investment sales in Q1 2026 , accounting for a significant 38.5% of total investment activity . Although this represents a marginal 0.3% decline quarter-on-quarter , the sector remains the largest contributor to Singapore’s investment market , highlighting sustained developer and investor confidence. Government Land Sales Drive Activity A key driver of investment volume was Government Land Sales (GLS) and public sector awards. Five sites awarded (4 private residential + 1 EC) Total value: S$3.23 billion Notable transactions include: Dover Drive – S$951 million Tanjong Rhu Road – S$709.3 million Lentor Central – S$657.1 million The Lentor Central site set a ...