Positive outlook for luxury condo market

Khong believes that prices of new luxury condominiums will continue to escalate, going forward.

THE luxury, high-rise residential market in Malaysia is expected to see positive movements in terms of transactions this year, underpinned by increased sales volume, new property launches and successful completions.

Savills Malaysia group managing director Datuk Paul Khong says luxury apartments in good locations will still attract niche high-net-worth individuals and investors.