Luxury condo market to remain subdued


On the rise: Savills Malaysia’s latest Asian Cities report said there were 21,069 luxury residential units priced above RM800 per sq ft in Kuala Lumpur as of end-2014. This represents a 21 increase year-on-year.

AN oversupply situation, as well as cautious buyer sentiment will see the luxury condominium segment remain subdued for the rest of the year.

According to Savills Malaysia’s latest Asian Cities report, there were 21,069 luxury residential units priced above RM800 per sq ft in Kuala Lumpur as of end-2014.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , luxury condo , Savills , WTW , high-rise

   

Next In Business News

Trading ideas: TNB, Southern Cable, MYMBN, CCK, YTL Power, Lebtech, Teck Guan
MYMBN impacted by halt in bird’s nest exports
Bank Islam surpasses RM4bil green financing target
Livestock trade expands to RM1.4bil in value in 2023
Beshom forecast to see top line growth in FY25
Base electricity tariff to rise 14.2% starting July
Banking sector growth trajectory intact
Vehicle sales forecast to hit the brakes in 2025
Sime Motors to increase service centres supporting BYD
Lebtech bags RM11mil waterworks job

Others Also Read