Kuala lumpur prices crash 5.6pc says knight frank index

Residential prices in Kuala Lumpur crashed by 5.6% year-on-year in 2011 according to the latest Knight Frank Prime Global Cities Index. The Malaysian capital city was ranked 20th out of 23 locations surveyed, based on its annual rate of decline in home values.

The good news, however, is that the Knight Frank data also shows that the slump is slowing down, with Q4 prices dropping by only 0.6% YoY.

Source: OPP