Malaysia’s real estate market continues to show promising signs of growth, with analysts pointing to multiple factors driving sustained demand. Key developments like the Johor-Singapore Special Economic Zone and stable interest rates are creating favorable conditions, while data reveals a consistent rise in property loan applications—up 6% year-on-year in December 2024.
MIDF Research highlights two standout players in the sector: Mah Sing Group and Matrix Concepts. The firm maintains a bullish stance on Mah Sing, citing its focus on affordable housing and strategic land acquisitions, with a target price of RM2.09. Similarly, Matrix Concepts is poised for growth, particularly through its MVV City project, which boasts a massive development value of RM12 billion and significant land area.
Recent stock performances reflect investor confidence, with Mah Sing trading at RM1.47 and Matrix Concepts at RM2.23 per share. Market watchers are keenly awaiting fourth-quarter earnings reports from property firms, expected later this month, which could provide further insights into sector performance.
The broader economic recovery post-pandemic has also played a crucial role in revitalizing property demand. Initiatives like the Johor Baru-Singapore Rapid Transit System add to the positive sentiment, reinforcing Malaysia’s position as an attractive real estate market. With these tailwinds, the outlook for 2024 remains optimistic.