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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.”

The overall residential property market appears to have improved slightly in 3Q2020, says Savills Malaysia director of research and consultancy Amy Wong in presenting The Edge/Savills Klang Valley High-Rise Residential Property Monitor for 3Q2020. “During the quarter under review, the total amount of loan applications and approvals for the purchase of residential property in the country have doubled compared with the previous quarter,” she says. The total amount of loan applications increased to RM88.21 billion in 3Q2020 from RM42.55 billion in 2Q2020, whereas the total amount of loan app...