The latest reports shows a challenging future for the sales of condos in Kuala Lumpur and the surrounding areas. It is expected around 2,600 of high end condos to be completed by 2013. In 2012 alone, about 5000 will be completed followed by about 4500 in 2013.
Some of the quoted projects are:
- Verdana at North Kiara,
- Icon Residence at Mount Kiara,
- Mirage Residence,
- Laman Ceylon,
- 188 suites
- Rimbunan Condo,
- Platinum Suites
There many more to be quote. The high number had caused pressure to the developers. The question that has been looming in their mind is.. can it be sold, and how fast. It is expected that the glut will have a negative implication to the price, both the selling price as well as the rental.
The developers had come up with a number of offers, including attractive incentives, rebates and free maintenance. Opening the daily newspaper will confirm the large number of advertisement for condos and apartments.
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