PETALING JAYA: Malaysia’s property bull market continues to rage as the Property Index of Bursa Malaysia crossed the 1,000-point mark, a level that was last seen five and a half years ago.
As unsold properties decline and developers keep dishing out new launches, the property stock rally that began in mid-2023 has yet to lose steam.
In fact, the Property Index rallied by 10% in the past three weeks alone, closing at 1,004.97 points yesterday. The last time the index touched the 1,000-point mark was in September 2018.
...