Overall house prices consolidated during the quarter under review, says Savills Malaysia associate director of research and consultancy Fong Kean Hwa when presenting The Edge | Savills Klang Valley High-Rise Residential Property Monitor for 3Q2022. The average asking price in prime city sub-markets (KLCC, Bangsar, Mont’Kiara) continued to contract year on year (y-o-y), he notes. “However, the average capital values declined much faster, widening the price gap. This indicates that buyers have strong bargaining power and that the property market is under pressure.”
Savills Malaysia shared its top property predictions in 2022 with comments by Savills Malaysia Group Managing Director Datuk Paul Khong, Savills Malaysia Deputy Managing Director and Head of Capital Markets Nabeel Hussain, Savills Malaysia Executive Director Marcus Chia, Savills Malaysia Director of Industrial Agency Kevin Goh and Savills Malaysia Director of Retail Services Murli Menon.