KUALA LUMPUR: Property prices are expected to rise around three to four per cent this year in the Klang Valley, particularly landed houses in Petaling Jaya, according to real estate services company CBRE WTW Valuation and Advisory Sdn Bhd (CBRE|WTW).
Its associate director of research and consulting, Mary Kurien, said the price increase is driven by land scarcity in the areas, followed by the rising cost of raw materials.
