PROPERTY counters are basking in the limelight again, with investors seeing them as good investment opportunities after the good sales and strong earnings posted by some of the property groups, especially those focusing on residential development.
Since January, the KLSE property index has risen by a whopping 30% against the Composite Index's (CI) 16%. The property index closed at 701, while the CI at 740 respectively on Friday. This was a spectacular turnaround from last year when the property sub-sector remained largely lacklustre.
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