Kenanga said it favours EcoWorld because of its strong branding and mature townships, while IOI Properties is a top pick because of the hidden value of its prime investment properties in the Klang Valley, Singapore and China that could potentially be developed through a real estate investment trust.
Yeow Seng, who is currently the group's executive vice-chairman, replaces Datuk Voon Tin Yow, who will be retiring.
IOI Properties said the property development segment achieved sales with contracts exchanged at RM1.
The stamp duty, announced by Singapore's Ministry of National Development, is a property cooling measure to dampen investment demand and prioritise housing for locals meant for owner-occupation.
Many developers under the research house’s coverage have become more upbeat on the property market this year, in view of their more aggressive launching pipelines and sales targets.
“The sector will continue to be weighed down by oversupply and the declining price affordability, as rising interest rates and inflation bite into consumers’ spending power, let alone high-ticket purchases.
Share of results of JVs shot up to RM225.
The freehold serviced apartment spread over 3.
The mall uses a Thermal Energy Storage system, which is a highly energy-efficient cooling system that chills water during its non-operational hours.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
