Positive outlook for property sector on resilient sales

Maybank IB said that sector fundamentals remain strong, driven by resilient property sales, particularly in the industrial property segment.

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) has upgraded the property sector to “positive” from “neutral” following a recent sell-down that revealed the sector’s value.

In its research note, Maybank IB highlighted that sector fundamentals remain strong, driven by resilient property sales, particularly in the industrial property segment.