Kuala Lumpur Property Market

KLCC and Mont Kiara completed condos have dropped in price more than 30%.

KLCC completed condos drop to the level of RM800-RM900 per sq ft while Mont Kiara to the level of RM500 per sq ft.

In 1st quarter of 2009, we witnessed many local cash buyers entering into the market at this level.

While the property at suburban areas are quite resilient to the economy downturn. Transactions are lesser but the price are quite stable, some areas are even in uptrend!

KLCC and Mont Kiara are overpriced since 2007 and speculated by mostly foreigners.











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