MALAYSIA'S real estate sector is expected to remain on the upside for the next few years, backed by positive interest in the market. Malaysian Annual Real Estate Convention 2008 (Marec) organising chairman Siva Shankar said the scenario is likely to continue despite the escalating prices of houses in the country, especially in prime locations.Siva noted that since January last year, demand for properties has shifted to the high-end and this has helped increase their value by 30-40 per cent."High-end properties within the vicinity of the Kuala Lumpur City Centre (KLCC), Mont'Kiara, Bangsar and Damansara are doing well.
(14-1-2008 New Straits Times)
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