KUALA LUMPUR: The property market in Kuala Lumpur could depreciate as much as 10% to 15% going forward, while the prices of high-end condominiums in the Kuala Lumpur City Centre (KLCC) area may fall up to 30% in the next two to three months, said property consultant Rahim & Co.
The rest of the property market in Malaysia was expected to remain stable, it said.
“The drop in prices will be more drastic in the KLCC area due to higher price escalation that (it had enjoyed) from 2005 to 2008,” said Datuk Abdul Rahim Rahman, executive chairman of Rahim & Co.
“We are beginning to feel the impact on property in KLCC that depends on foreign buyers.”
No comments:
Post a Comment