In a sector update on Monday (July 17), the research house said it believes property sales momentum will stay strong this and next year, with the Johor property market seeing sustainable recovery going forward.
KUALA LUMPUR (Jan 6): A resurgence of daily Covid-19 infection cases following the emergence of new variants, high building material prices, a potential overhang among property stocks ahead of the general election and earlier-than-expected rate hikes are hindering real estate from recovering, said RHB Investment Bank.
PETALING JAYA (June 17): The one-month long full lockdown (FMCO) is expected to affect the property sales and developers’ earnings in the second quarter this year, but Maybank Investment Bank Research believed that property sales will be picking up again once movement restrictions are lifted .
KUALA LUMPUR (Jan 7): Shares in LBS Bina Group Bhd rose 2.
KUALA LUMPUR (Oct 24): Gadang Holdings Bhd’s net profit for its first quarter ended Aug 31, 2019 (1QFY20) fell 10% to RM14.
PETALING JAYA (Sept 20): Sentosa Cove – Singapore's luxury waterfront enclave which recently appeared in the box-office hit 'Crazy Rich Asians' – was dealt another blow by higher stamp duty on foreign purchasers, further hurting the prospects of its already slow-moving real estate market, reported Bloomberg.
KUALA LUMPUR (Nov 23): Shares in Tambun Indah Land Bhd rose 3.
KUALA LUMPUR (Oct 31): The Urban Wellbeing, Housing and Local Government Ministry (KPKT) has established a special committee to investigate affordable housing scams, which has cost homebuyers to lose RM6.
PETALING JAYA (April 19): The number of properties launched in the second half of 2016 (2H2016) almost doubled from 1H2016.
GOMBAK (Aug 24): Hua Yang Bhd is confident of achieving its property sales target of RM500 million, underpinned by two launches in the second half of this year.
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