Greater Kuala Lumpur property outlook bright

PETALING JAYA: In Greater Kuala Lumpur, the residential and commercial property markets are expected to see healthy growth, while the region’s industrial property markets will likely lag behind in terms of new supply this year, says property consultant CBRE Group.

In its latest MarketView report, CBRE said new residential project launches, albeit coming up at a slower pace than last year, were expected to increase the total existing supply of residential properties at about 1.79 million units in Greater KL, which encompasses Kuala Lumpur, Selangor and Putrajaya.