Uncertain outlook for property and REIT sector

Eco World Development Bhd has the highest net gearing at 73.5% with a manageable interest coverage of 3.2 times, followed by Crest Builder Holdings Bhd’s 66.3%.

PETALING JAYA: As a result of the evolving situation of the Covid-19 outbreak which has put the brakes on the economy, local developers are deliberating whether or not to continue, or defer, future launches.

AmResearch said this in a report, adding that as consumer spending is now mainly focused on necessities and not on big-ticket items such as property, the near-term outlook on the property segment remains uncertain.