Lagenda to benefit from affordable niche

AmInvestment Bank Research says the growing population, coupled with the structural change in Malaysian households over the years, will continue to fuel rising demand for housing.

PETALING JAYA: There is a bright spot amidst a multi-year slump in the local property market, which is the affordable segment that caters to owner-occupier house buyers versus property investors or speculators, said AmInvestment Bank Research.

The research house, which has initiated coverage on Lagenda Properties Bhd, said the growing population, coupled with the structural change in Malaysian households over the years, will continue to fuel rising demand for housing.