- The number of transactions dropped
27.8% across all sectors compared with an increase of 6.5% the
previous year.
- In terms of value, the drop was in
the region of 6.1% the proceeding year.
- Residential units in the price range
of RM75,000 to RM150,000 were most in demand, recording 37% of
total residential transactions.
- The low cost residential sector saw
a drop of 16.3% and 9.0% in the volume and value of transactions
respectively.
- Hardest hit on office sectors were
newly completed buildings in non-strategic locations and older
buildings with obsolete facilities or in poor locations.
- Prices and rentals tumbled for the
retail sector, in some cases by up to 30%. The industrial sector
saw a drop of 33.0% and 69.2% in volume and value
respectively.
- Reduction in foreign tourist
arrivals and the poor business environment led to a drop of
15.2% in the leisure property sector.
Kuala
Lumpur
Year |
Residential |
Commercial |
Industrial |
Agricultural |
Development |
Others |
Total |
| 1997 |
11,573 |
1,497 |
236 |
0 |
518 |
0 |
13,824 |
| 1998 |
8,558 |
846 |
177 |
0 |
244 |
0 |
9,825 |
|
