News about property sector

The Housing Credit Guarantee Scheme is set to incentivise first-time homeownership, boosting growth in the residential real estate sector in the second half of the year.

HLIB said that in the Klang Valley, most developers with exposure in this area are expected to benefit as many properties are priced above RM600,000.

RHB IB said many local institutional funds have yet to take a meaningful position in the property sector.

Pointing to recent news on the possibility of a high-speed rail (HSR) project between Ipoh and Kuala Lumpur, MIDF said the project would improve demand for properties in Ipoh and concurrently benefit property developers that have exposure in the state.

It also sees the unchanged overnight policy rate (OPR) as positive for property companies, supporting recovery in demand for properties and buying interest.

Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.

Although price growth has generally slowed marginally in recent years, owning a house continues to be an elusive dream for many.

KUALA LUMPUR (March 15): AmInvestment Bank Research (AmResearch) on Tuesday (March 15) maintained its “neutral” call on the property sector as it sees gradual recovery in the segment with risk of stagflation.

KUALA LUMPUR (Dec 15): KAF Research expects the property upcycle to gain momentum as the Covid-19 pandemic appears likely to transition to an endemic soon.

KUALA LUMPUR (Dec 8): Maybank Investment Bank (Maybank IB) Research on Wednesday upgraded the Malaysian property sector to "neutral" (from "negative") after the share prices of property stocks under its coverage have retreated by 10% to 20% to more realistic valuations.