Maybank IB: Interest rate hikes dampen property sector

The research house maintains its "neutral" call on Malaysia's property sector Interest rate hikes will also affect highly-geared property developers KUALA LUMPUR (July 4): Maybank Investment Bank (Maybank IB) is maintaining its "neutral" call on Malaysia’s property sector due to growing risks such as slower sales amid the rising interest rate environment and delays in new property launches, as well as rising raw material costs.