High-end condo prices to remain flat

The impending completion of new projects, amid a weak market is expected to heighten competition in the rental market, both in Kuala Lumpur and its fringe locations.

KUALA LUMPUR: Property prices in the high-end condominium segment will remain flat, while rental prices fall, due to increased competition between existing units and new launches, said property consultancy firm Knight Frank Malaysia.

The increasingly competitive property market was also forcing developers to be more innovative, with attractive packages and creative deals being offered to boost sales, it said.