JUST over seven years ago, the KL Property Index (KLPI) was trading at the exact level where it is trading today.
At the same time in October 2011, the FBM KLCI was trading at 1,428 points. Fast forward to today, the FBM KLCI was last observed at 1,738 points based on Thursday’s close, up some 22% over the past seven years while the KLPI is basically flat. In fact, the KLPI has underperformed mostly in 2018 itself as the index is down some 27% since the start of the year while the KLCI is down 3.3% year-to-date.
