MARKET UPDATES :
The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA).Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary property market.The buyers should should explore them instead of complaining and whining about the escalating prices of new houses he said.“The data have proven that property prices in the secondary market are very much similar to those in the primary market and if comparisons are made in terms of location and size, they are much cheaper and affordable.
STOCK RECOMMENDATION :
BUY STATS CHIPPAC ABOVE 0.470 TARGET 0.500 0.550 SL 0.430
The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA).Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary property market.The buyers should should explore them instead of complaining and whining about the escalating prices of new houses he said.“The data have proven that property prices in the secondary market are very much similar to those in the primary market and if comparisons are made in terms of location and size, they are much cheaper and affordable.
STOCK RECOMMENDATION :
BUY STATS CHIPPAC ABOVE 0.470 TARGET 0.500 0.550 SL 0.430
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