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Article: DTZ: Klang Valley property market remains challenging
- Article from:
- New Straits Times
- Article date:
- July 28, 2009
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New Straits Times
07-28-2009
DTZ: Klang Valley property market remains challenging
Edition: Main/Lifestyle
Section: Business Times
Type: News
CONDITIONS in the Klang Valley's property market remain challenging, according to a property market report from global estate agent DTZ.
DTZ said the office property sector faces downward pressure on rental and capital values due to weak demand and the new supply that will be completed in the next few years.
In the second half of the year, there is an impending supply of some 3.43 million sq ft in Kuala Lumpur.
DTZ said the downward trend may, however, be cushioned by the government's recent liberalisation on economic policies targeting the services ...