Investors upbeat about Malaysian property

PETALING JAYA: Despite the less-than-stellar performance of many listed property companies during the recent corporate earnings season, investor confidence in local property stocks has actually been steadily increasing this year.

Year-to-date, the KL Property Index (made up of the listed shares of property companies) has risen by 14%, outperforming the FBM KLCI which has grown just 8% during the same period.