KUALA LUMPUR, Jan 7 — AmInvestment Bank has maintained its “overweight” call on the property sector following 1Malaysia Development Bhd’s (1MDB) proposed sale of a 60% equity stake in the Bandar Malaysia project.
The research house noted that based on this recent development, it estimates the implied land value for the project to be RM583 per sq ft from RM697 previously.
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