Promising high rise residential outlook

Khong: The market is still seeing a significant influx of new high-rise units.

THE high-rise residential property market is showing promising signs of growth, despite the influx of new units and prevailing oversupply situation.

Given the land scarcity in the city and its rising construction costs, Savills Malaysia Sdn Bhd group managing director Datuk Paul Khong says high-rise properties will continue to move upwards due to the strong “cost push” elements.