Teladan Setia optimistic about affordable housing

(From left) Teladan Setia Group Bhd executive director Annandan Chandran, M&A Securities corporate finance head Gary Ting, Teladan Setia Group Bhd executive director Francis Sia Ah Piew, managing director Richard Teo Lay Ban, chairman Roy Thean Chong Yew, executive directors Foo Yit Lan and Madeline Lee May Ming and M&A Securities managing director Datuk Bill Tan at the listing ceremony of Teladan Setia Group Bhd.

PETALING JAYA: Melaka-based Teladan Setia Group Bhd, which made an impressive debut on the ACE Market with a 25% premium on its issue price, is optimistic over the affordable housing sector.

Managing director Richard Teo Lay Ban said demand for landed residential properties in Melaka still remained steady, adding that the local property market is currently on a recovery path.