Property market to remain challenging this year

Property  sector Maintain neutral: Granted, the share price of most of the property developers have moved up this year, which we believe is due to renewed buying interest in laggards and overall improved market risk appetite rather than on signs of recovery in operating conditions.

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DONE DEAL: Casa Ria apartment, Taman Maluri, Kuala Lumpur

Sold for: RM470,000 (RM437 psf) Concluded by: Casper Yee (REN 13384) of HASB Consultants (Selangor) Sdn Bhd (016-259 1812) When: April 2017 Noteworthy: ● Leasehold (expiring March 2077) ● 1,076 sq ft ● Low-floor unit ● Facing north ● Partially furnished ● 2 bedrooms and 2 bathrooms ● Facilities: Cafeteria, covered parking, swimming pool, jogging track, playground and 24-hour security Located along Jalan Jejaka, Taman Maluri, Casa Ria was developed by Syarikat Maluri Sdn Bhd.

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