The Star |
THE Kuala Lumpur luxury condominium market, having taken a hit over the last couple of years due to the pandemic, is expected to remain soft in 2022.
Rahim & Co International Sdn Bhd real estate agency chief executive officer Siva Shanker agrees that the segment was affected by the pandemic last year.
“We don’t think there will be any major improvements this year. However, we do believe that the downward movement of prices will stop and flatten out.
Given the subdued environment at the moment, Siva says now would be a good time for buyers to enter the market.
“For sellers, they are just going to have to accept that prices will remain the same for a while.”