Friday, September 6, 2013

Commercial Property Launched Price in 2013

The majority of properties launched in the period surveyed were priced at around RM500,000-RM1mil throughout the Peninsula, with Kelantan and Perak being the exception. Perak had four developers launching property in the RM250,000-RM350,000 range; Kelantan saw four who launched property below RM250,000. This pattern will, more or less, hold in the second half. The most popular commercial properties among the developers are in the RM500,000-RM1mil range – 43% of the developers offered such property in the first half, with 50% expected in the second half. On a brighter note, the percentage of developers that is expected to increase prices in the second half dropped to 45% from 69%.