No Shortage of catalysts - Malaysia property sector update Jan 5, 2010 (Maybank IB Research)
Crown jewels: Sg Buloh and Singapore land. We are particularly excited about the development of:
(i) the RM10b Sg Buloh MRB land given continuous strong demand on residential properties and spillover effects from the growing Kota Damansara township, and
Likely beneficiaries. We are therefore bullish on several soon-to belaunched/ ongoing property developments that will benefit from the MRT connectivity such as:
(i) S P Setia’s RM6b KL Eco City,
(ii) SunCity’sRM5b Sunway Velocity,
(iii) Mah Sing’s M Suites, M City and Icon MontKiara, and
(iv) government land developments like Sg Buloh, Sg Besi airport, MATRADE, Warisan Merdeka and KLIFD (see map below).