Share
KUALA LUMPUR (Jan 7): Hong Leong IB Research has maintained its “Neutral” rating on the property sector and said the house price index (HPI) growth normalised back to long-term growth rate of 5% after rising by CAGG of 12.6% from 2010 – 2014.
In a note today, the research house said leading indicators such as loan application remain sluggish, declining y-o-y basis for tenth straight month.
It said the Johor region remain oversupplied in near term with incoming supply and planned supply amounting to 47% of existing stock.
“KL and Selangor remain core market with more balanced demand and supply dynamics.
“Some property stocks are trading close to 5 years historical low of P/B band. -- theedgeproperty.com
TOP PICKS BY EDGEPROP
De Tropicana Condominium
Kuchai Lama, Kuala Lumpur
TAMAN DATO ABDUL SAMAD
Port Dickson, Negeri Sembilan
HIJAYU 2 - RESORT HOMES
Seremban, Negeri Sembilan
