Soft luxury condominium market prevails

High end market: Abdul Rahim says the Malaysian condo market became highly sought-after ten years ago.

THE subdued property market is expected to cause prices of luxury condominiums, especially those within the Kuala Lumpur City Centre (KLCC), to remain soft over the near term.

Nevertheless, some see the soft market as an opportunity to attract buyers or investors, if not tenants, while some developers also believe that the market is gearing up for an upturn going into 2017.