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
In 1QFY15, Tropicana achieved RM176 million in property sales (down 55% y-o-y due to softer market condition and soft launch)
Land easily accessible via the Damansara-Puchong Highway, Federal Highway, New Klang Valley Expressway and other roads