Are land prices too high?

Lot 99, Section 58 of Kuala Lumpur comprises six bungalows with Nasi Kandar Restaurant Pelita and Restaurant Chef Choi fronting Jalan Ampang.

EVERYONE is aware that there is a link between land values and property prices.

Prices of service apartments in KL City Centre (KLCC) are priced higher than those in Mont’Kiara or Petaling Jaya because land values in KLCC are higher. This is the conventional thinking and is often echoed by various stakeholders in the property development industry to explain why certain properties have to be priced at such high prices and built at such high plot ratios and/or density as the land was purchased at a very high price.