KL’s impending office supply has been a concern to the market since last year, said DTZ

KLCC is the country’s most expensive address. In the 12 months to 3Q2014, about 23% of transactions were for properties in the RM1,001-RM1,200 psf range, followed by 19.5% for the RM801-RM1,000 psf range.

Maintaining momentum from the previous quarter that recorded RM1.7 billion, the total investment sales volume in Malaysia for 1Q was estimated at RM1.6 billion

The most expensive address in the KLCC area belongs to The Binjai with an average transacted unit price of RM5 million

Prices in the KLCC area have generally stayed stagnant over the past two years, although average transacted prices have remained above the RM1,000 per square foot (psf) mark since 1Q2013

Prices and rents of condos and serviced residences continue to rise in Kuala Lumpur’s Little India and in KL Sentral

Mont’Kiara’s comprehensive amenities and strategic location are the main draws for property buyers and investors

Overall, rental rates in Brickfields generally range from between RM2.00 psf to RM3.90 psf

In 1QFY15, Tropicana achieved RM176 million in property sales (down 55% y-o-y due to softer market condition and soft launch)

Land easily accessible via the Damansara-Puchong Highway, Federal Highway, New Klang Valley Expressway and other roads