An in-depth special focus on Asian real estate hot spots, as well as key interviews with important industry figures and analysis
In Depth: Jittery KL market awaits election
Jun 25, 2012
By Khalil Adis
Malaysia’s property market appears to be at a standstill as locals await the outcome of the election, while new launches within the prime areas may not be all they seem.
A recent slew of property launches within the prime areas of Klang Valley is not necessarily an indication that the luxury sector is back from the doldrums. Rather, analysts believe affordability is driving demand for small format apartments in the Malaysian capital, within the ‘Golden Triangle’ area in Kuala Lumpur.
“There have been rather limited new launches in the KLCC location for the last two years,” said Brian Koh, executive director at DTZ Nawawi Tie Leung Property Consultants Sdn Bhd. “We believe there is some pent- up demand, especially for smaller units that are very tenantable, thus making this a excellent investment option.”
Victory Place Platinum Suites
DTZ recently released a report highlighting property the launches expected ahead, which include the second phase of Platinum Victory Face Platinum Suites launch on Jalan Sultan Ismail as well as 288 Jalan Raja Chulan and the Platinum Residences@Platinum Park within KLCC.