Slowdown in Klang Valley landed residential market expected

Slowdown in Klang Valley landed residential market expected

Friday, 6 March 2015

BY: TOH KAR INN

HTTP://WWW.THESTAR.COM.MY/BUSINESS/BUSINESS-NEWS/2015/03/06/SLOWDOWN-IN-LANDED-RESIDENTIAL-MARKET-EXPECTED/?STYLE=BIZ

The Star reports that:

1. Klang Valley market for landed residential will slowdown in 2015. 

2. BUT prices of landed residential properties will not decrease,
especially medium-priced houses.

3. Supply of landed property was lower than the demand

4. Volume of property sale will decrease,
due to weak sentiments of buyers. 

5. The impact of goods and services tax (GST) will be minimal, 

6. There will be a 3.5% to 4% increase in residential property prices,
due to increase in operational and labour costs. 

7. Trend of high-rise residential property is moving from condominiums
to serviced residences

8. The completion of new high-rise residential developments in 2015
will cause a glut and further lower the rental yield.
It's gonna be a tenant's market 

9. In the office sector, average prime rents for grade A offices will stop
increasing as 4.83 million sq ft of office space will be completed this year.