KL property prices dip 0.6%

Good location: An aerial view of Mont Kiara in Kuala Lumpur. Kuala Lumpur, like many first tier cities in the region, continue to lead in residential price growth, according to Knight Frank in its Global Residential Cities Index for the third quarter of 2018.

PETALING JAYA: Property prices in Kuala Lumpur dropped 0.6% during the 12-month period ended September 2018, as cooling measures and rising interest rates continue to affect buyer sentiment.

This is despite the fact that Kuala Lumpur, like many first tier cities in the region, continue to lead in residential price growth, according to Knight Frank in its Global Residential Cities Index for the third quarter of 2018.