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Property sector Downgrade to underweight: The broad market has been rebounding on the back of a strengthening ringgit, while the economic outlook appears to have stabilised.

Gamuda Bhd (March 25, RM4.

Eco World Development Group Bhd (March 25, RM1.

SEMENYIH (March 27): Eco World Group Bhd (EcoWorld) sold half of the furniture, home decoration items, and electronic and electrical appliances – valued at RM100,000 – used at some of its show units at its Eco Majestic sales gallery here in the first three hours of its Majestic Bazaar event here today.

THE Klang Valley residential property monitor saw little or no change in prices on a quarterly basis in 4Q2015.

ACTING and selling real estate seem to be completely unrelated occupations.

PETALING JAYA (March 25): UEM Sunrise Bhd has completed the topping out for its condominium project, Verdi “eco-dominiums”, in its Symphony Hills development in Cyberjaya, Selangor, the group said in a press statement today.

SHAH ALAM (March 26): Eco World Development Group Bhd (EcoWorld) is confident of achieving its RM4 billion sales target for its financial year ending October 2016.

PETALING JAYA (March 24): Bukit Bintang City Centre’s (BBCC) serviced apartments – which will be open for a public preview this weekend – will be priced indicatively at RM1,600 psf, said a personnel from developer BBCC Development Sdn Bhd.

Property sector Maintain neutral: Among our coverage universe, Matrix Concepts Holdings Bhd is the only developer that has managed to achieve positive growth in full-year sales (+28% year-on-year [y-o-y]) mainly due to its focus on the affordable mass market with a pricing range of below RM600,000.