14.11.2011 - Kuala Lumpurís luxury property sector likely to slump in 2012, experts say
High-end residential property market is expected to slump over the next year as demand is shrinking due to global economic uncertainty. DTZ Research recently published an analysis of the property market and revealed that the high-end residential sector in Kuala Lumpur is likely to suffer from oversupply coupled with low demand. There will be around 5,384 units hitting the market in 2012, with over 2,000 flats put up for sale during the third quarter of this year. The report notes that although there will be significant completions, which will put pressure on rentals, the demand is not likely to meet supply...............................................Full Article: Source
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