Many of the big property companies stock price had risen to new record high after government continue to improve efficient housing project delivery system; implement more incentives to promote Malaysia property; attract more foreigner to invest in Malaysia property.
The new super condos on right location in KL(KLCC, Bukit Bintang, Monta Kiara) started to price as RM1000psf.
The big cap like IGB, OSKProp, SP Setia, Mahsing, E&O, E&O properties, TA etc..stocks have increased at least 2x-5x compared to 1 years ago.
There are also suggestion/rumour that governmentwill allow EPF owners to withdraw up to 50% to purchase house , this include second house.
After scanning through current listed property companies, I recommend 2 property company still yet to fully appreciate, i.e Glomac and YTL land & dev
These two companies have development on KL valley and focus on Mid to high-end properties development and good management and reputation in the market.
The Glomac and YTL land & development stock prices was closed at RM1.52 and RM1.53 respectively.
