Published Date: 31/12/2024
- We believe a new cycle has begun following 3 key pillars: low interest rate – improving infrastructure – completion of legal framework.
- We believe the capital may return in the South due to owning more attractive factors while the heat may persist in the North with expected new high apartment supply in 2025F.
- We prefer KDH, DXG, and NLG for their strong financial stability and legally clear projects, which are expected to achieve high absorption rates.
