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‘Landed properties to continue to outperform this year’
KUALA LUMPUR: Landed property projects in Malaysia will continue to outperform this year as demand remain “hot”, HwangDBS Vickers Research Sdn Bhd said.
This follows the crowd of more than 600 people who attended Glomac Bhd’s Lakeside Residence phase three ballot last Friday, double that seen for the phase two launch in September.
The strong interest can be attributed to its strategic location, rising demand for gated and guarded development with amenities as well as attractive pricing, HwangDBS said in a note.
“The strong turnout is a testament of resilient demand for landed properties, despite prices having appreciated strongly over the past two to three years and tighter bank lending.
“Prices should continue to appreciate, albeit more modestly, on the back of rising land and construction costs as well as dwindling new supply,” it said.
HwangDBS noted that developers with large exposure to landed properties, mass housing (less than 500,000 unit) and prime locations should do well.
It said among biggest beneficiaries are Glomac, Hua Yang Bhd, MKH Bhd, Mah Sing Group Bhd, IJM Land Bhd and SP Setia Bhd.
By : bernama.com
Published : Jan 22, 2013