Hua Yang’s meek performance was in tandem with current weakening property sentiment compounded by the attrition of securing loans for homebuyers
Due to cooling measures, overall average prices fell 3.2% quarter-on-quarter in 1Q2015 to RM749 psf from RM774 psf in 4Q2014
KL’s impending office supply has been a concern to the market since last year, said DTZ
KLCC is the country’s most expensive address. In the 12 months to 3Q2014, about 23% of transactions were for properties in the RM1,001-RM1,200 psf range, followed by 19.5% for the RM801-RM1,000 psf range.
Maintaining momentum from the previous quarter that recorded RM1.7 billion, the total investment sales volume in Malaysia for 1Q was estimated at RM1.6 billion