Muhammad Najib Razali - Faculty of Geoinformation, University Technology Malaysia
Nurul Afiqah Azmi - Faculty of Geoinformation, University Technology Malaysia
Azlina Md. Yassin - Faculty of Technology Management and Business, Universiti Tun Hussein Onn Malaysia

This paper examines the risk adjusted and diversification potential of listed property companies in Malaysia. This paper focuses on risk-return characteristics and the diversification potential of Malaysian listed property companies in a mixed asset portfolio. The data engage the monthly price indices from January 1994 to December 2014 for listed property companies, shares, bonds, industrial, finance and plantation in Malaysia. The results reveal that Malaysian listed property companies underperformed over the entire period as compared to bonds, shares, finance, industrial and plantation.

Malaysia; Malaysian property market; Malaysian listed property companies; Risk adjusted;Diversification potential