Worries over luxury condos, number of upcoming units 'frightening'

CH Williams Talhar & Wong expects some 5,000 to 6,000 luxury condo units to enter the market in the next six to nine months in the Klang Valley.

PETALING JAYA: An oversupply of new luxury condominiums in the Klang Valley this year is expected to create pressure on rentals and even result in a “price war” on new and existing units.

Property consultant CH Williams Talhar & Wong Sdn Bhd (WTW) managing director Foo Gee Jen said the number of new units expected to come in over the next few months was “frightening.”