Daily Industry News Update (4 March 2021)

INDUSTRY NEWS (4 MARCH 2021)

Cover Story: Good location, good returns

Terraced houses and condominiums enjoyed some of the best returns and capital appreciation prior to the influx of high-rise units in the Klang Valley property market in the mid-2000s, says PPC International Sdn Bhd managing director Datuk Siders Sittampalam. Rents generally

Low interest-rate level helping drive property demand

The residential property market outlook remains positive underpinned by the low borrowing interest rate. Paramount Corp Bhd CEO Jeffrey Chew said current demand for residential properties is healthy based on buyers’ interest compared to 2019 and 2020.  “Low-interest

RAM: The path to full economic recovery will remain uneven and fragile in 2021

Against the backdrop of various lockdowns that strained finances of issuers’ finances, RAM Ratings took negative rating actions on 17 issuers (9.5% of its rated portfolio) last year. At the same time, the number of issuers on negative outlook climbed up to 7.8% (2019: 0.6%). Issuers

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