KUALA LUMPUR (June 30): MIDF Research has maintained its “Neutral” rating on the property sector and said it sees unexciting outlook for new property sales in 2015.

In a note today, the research house said that on a quarterly sequential basis, House Price Index declined for the first time since 4Q2008.

“But it is still growing at 4.1% year-on-year.

“Property developers’ results in 2QCY15 were mixed.

“Maintain Neutral with Sunway Bhd as big cap top pick and Glomac Bhd as small cap top pick,” it said.