Gavin Tee: Malaysia’s Condos Reaching RM5K psf by 2016

In a recent talk, property consultant Gavin Tee has predicted the following:-

1. Price psf of luxury condos in Malaysia might hit RM5K within the next 5 years
2. Real estate market in Kuala Lumpur would mature and hit its highest point by 2020
3. Toursim-related properties in Malaysia would become the most expensive by 2018
4. Iskandar Malaysia would have the second highest property values after Kuala Lumpur by 2016
5. Hotspots for the Klang Valley would include Bukit Bintang/Jalan Stonor, Maluri/Cochrane, Sentul, KLCC vicinity, U-Thant, Sungai Buloh, Ulu Klang/Melawati, and Bukit Jalil/Equine
6. For the rest of Malaysia, the hot spots would include Kota Kinabalu, Penang, Malacca, Iskandar Malaysia, Cyberjaya, Kuantan, Ipoh, Muar and Klang.

Source from: i-Property