KUALA LUMPUR (Jan 19): Maybank Investment Bank Bhd (Maybank IB) has maintained its tactical positive call on the property sector, as it believes the worst is over for the sector.
It said sales of houses might have hit rock bottom already, thus it should improve year-on-year in 2021.
Being an under-owned sector with short-term positive catalysts, Maybank IB believes property stocks may surprise investors on the upside in 2021. Moreover, we think the current rock-bottom valuations of property stocks (0.4 times/0.3 times price-to-book value/price-to-revalued net asset value) should have more than priced in the negatives (oversupply), it said in a research note today.
MASTER community developer Sunway Property recently unveiled the highly anticipated final residential phase of Sunway Velocity TWO, Tower C.
The development located a mere 3.8km from Kuala Lumpur City Centre comprises three plots, which are linked to the high demand Sunway Velocity development.
Plot A has two residential towers (Tower A and B), an office tower and retail units.
Plot B has two residential blocks and retail units while Plot C is a commercial component.
First launched in 2018, Sunway Velocity TWO’s Towers A and B were fully sold out in less than a year, and are planned for vacant possession in 2022.
Wednesday, 06 Jan 2021 02:18 PM MYT
The research house has maintained its neutral call for property developers, in light of the sector’s challenging structural fundamentals of affordability, oversupply and policy issue. Picture by Sayuti Zainudin
Subscribe to our Telegram channel for the latest updates on news you need to know.
KUALA LUMPUR, Jan 6 Property sales are expected to slow down in the first half of 2021 (1H 2021), but will see a mild rebound in 2H 2021, provided the Covid-19 situation improves, says Kenanga Research.
In a note today, it said the easing of lockdown restrictions is a positive sign as it will push the economic recovery onto the right track, but warns that a possible worsening of the Covid-19 situation may cause further setbacks.
KUALA LUMPUR: Property sales are expected to slow down in the first half of 2021 (1H 2021), but will see a mild rebound in 2H 2021, provided the Covid.