BANDAR Raya Developments Bhd's (BRDB) recent purchase of a 10.1ha site in Subang Jaya will provide another catalyst for sustainable earnings growth for the property developer post-2009. OSK Research Sdn Bhd analyst Mervin Chow Yan Hoong said this project is able to leverage on its prime location of Subang, with easy accessibility from the Federal Highway. "And with the apartments priced in the region of RM250,000 to RM350,000, they will be affordable to most Klang Valley households with monthly income of more than RM5,200," he wrote in a note on Monday.
(16-1-2008 New Straits Times)
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