Spotlight On Property
PROPERTY stocks may see some interest next week in the light of news reports that the Government is seriously considering an industry proposal to abolish the real property gains tax, in order to give the waning property market a shot in the arm.
That the Government is open to that idea may set off some optimism in the property market as well as the economy in general.
A property company that could potentially benefit is Sunrise Bhd. Sunrise has been one of the laggards in the Bursa Malaysia rally a rally which is currently witnessing a sharp pullback. Yet, it remains one of a few research houses' favourites as far as property counters go.
Sunrise is best known for its high-end condominiums and landed properties which are mainly centred in upscale Mont'Kiara, Kuala Lumpur.
Source :The Star 03/03/2007 Close Window