Stronger 1Q25 earnings expected for property companies

Yoong: The slowdown in data centre investments will be mitigated by the popularity of Malaysia as the fourth most popular destination in the world in 2024 for high-net-worth Chinese buyers interested in buying homes worth US$5mil or more.

PETALING JAYA: Following a solid earnings season in the final quarter of last year (4Q24), analysts and industry experts remain upbeat about the prospects of property companies in 1Q25.

Seasoned investor Ian Yoong believes earnings for property companies should grow by 8% to 12% in 1Q25, mainly driven by land sales in 4Q24.