Research house sees intense competition in affordable housing sector

TheStar Wed, Jan 30, 2019 07:50am - 5 years View Original


TOP PICKS: AmInvestment Bank Research is maintaining a neutral view on the property sector as it does not expect earnings surprises in the short-to-medium term.  “Our top picks for the sector are: Sunway Bhd given that its local property launches have been generally well received due to good locations, and diversified income based; E&O for its prime land bank, including reclamation rights on Penang island and Mah Sing for its quick turnaround property development model.”

TOP PICKS: AmInvestment Bank Research is maintaining a neutral view on the property sector as it does not expect earnings surprises in the short-to-medium term. “Our top picks for the sector are: Sunway Bhd given that its local property launches have been generally well received due to good locations, and diversified income based; E&O for its prime land bank, including reclamation rights on Penang island and Mah Sing for its quick turnaround property development model.”

PETALING JAYA: The intense competition for affordable housing is expected to continue as home ownership for the B40 group remains the government’s top agenda.

AllianceDBS Research said in a report yesterday that it anticipates stricter government enforcement on future approvals for new property developments.

   

“Increasing cost burden is expected to persist for developers, which will pressure their profit margins.”

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