Kuala lumpur 'may see downturn in apartment demand'

Demand for luxury apartments in the Malaysian city of Kuala Lumpur is expected to fall over the coming year, a new study suggests.

The Malaysia Star reported on the predictions by DTZ Research, which were published in its Property Times market analysis, and revealed that the high-end residential sector in the city is likely to suffer from an influx of new supply.

According to the organisation, a raft of projects either at or nearing completion will put pressure on the market.

DTZ noted that around 5,384 units are due to go on the market in 2012, with more than 2,000 new apartments put up for sale during the third quarter of this year.

Source: PropertyShowrooms.com