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Malaysian property prices to remain steady in 2013

Posted on 29 January 2013

Property prices in Malaysia will remain steady in 2013 as competition between developers intensifies, according to a recent report by Hong Leong Investment Bank (HLIB). Developers will need to be more selective of new projects, reported HLIB.
HLIB regard landbank location as the market’s key driver, and identify Glomac Bhd as the developer to watch. Glomac Bhd’s flagship Lakeside development at Puchong puts them in a prime position, as the development offers a combination of value at 4.9 percent dividend yield and growth. However, the developer’s liquidity remains lacking, according to HLIB’s report………………………………………..Full Article: Source


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