{"id":33063,"date":"2018-02-02T11:27:43","date_gmt":"2018-02-02T03:27:43","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=33063"},"modified":"2023-10-29T12:11:21","modified_gmt":"2023-10-29T04:11:21","slug":"high-end-property-on-discount","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount","title":{"rendered":"Slow Property Sales Forces High-End Developers To Offer More Discounts"},"content":{"rendered":"<p>Amid a soft property market, high-end developers are offering more discounts on condominiums and service apartments, said Knight Frank Malaysia.<\/p>\n<p>Observing that the market remained tepid due to a mismatch in supply and demand, as well as in product and pricing, Knight Frank observed that in certain locations, asking prices and rentals remained depressed.<\/p>\n<p>In its <em>Real Estate Highlights for 2<sup>nd<\/sup> Half 2017<\/em> report, Knight Frank found that total supply of high-end condominiums or residences in Kuala Lumpur stood at 49,678 units following the completion of 2,298 units in the second half of 2017.<\/p>\n<p>The capital also chalked up the most completions over the period with 1,243 units (54.1%) from projects such as The Mews (256 units), The Manhattan (129 units), Tribeca Bukit Bintang (318 units), Dorsett Residences Bukit Bintang (252 units) and The Ritz-Carlton Residences (288 units).<\/p>\n<p>\u201cThe freeze on approvals for four categories of developments including condominiums and serviced apartments priced from RM1 million as of Nov 1, 2017 is causing market uncertainties as to its implementation. Although on a positive note, it may provide a breather to the oversupplied market,\u201d added the report.<\/p>\n<p><a href=\"http:\/\/www.theedgemarkets.com\/article\/more-discounts-being-offered-kl-highend-condo-developers\" target=\"_blank\" rel=\"nofollow noopener\"><em>[Source]<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> But this doesn\u2019t solve anything, right?<\/p>\n","protected":false},"author":29,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,21],"tags":[],"class_list":["post-33063","post","type-post","status-publish","format-standard","hentry","category-news-updates","category-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>KL High-End Condo Developers Offering More Discounts<\/title>\n<meta name=\"description\" content=\"This comes on the back of slow property sales in the luxury market. But will this solve woes of unsold units in the capital?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KL High-End Condo Developers Offering More Discounts\" \/>\n<meta property=\"og:description\" content=\"This comes on the back of slow property sales in the luxury market. But will this solve woes of unsold units in the capital?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-02T03:27:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-29T04:11:21+00:00\" \/>\n<meta name=\"author\" content=\"Emmanuel Surendra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emmanuel Surendra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount\",\"url\":\"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount\",\"name\":\"KL High-End Condo Developers Offering More Discounts\",\"isPartOf\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\"},\"datePublished\":\"2018-02-02T03:27:43+00:00\",\"dateModified\":\"2023-10-29T04:11:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4\"},\"description\":\"This comes on the back of slow property sales in the luxury market. But will this solve woes of unsold units in the capital?\",\"breadcrumb\":{\"@id\":\"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.imoney.my\/articles\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"News Updates\",\"item\":\"https:\/\/www.imoney.my\/articles\/category\/news-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Slow Property Sales Forces High-End Developers To Offer More Discounts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#website\",\"url\":\"https:\/\/www.imoney.my\/articles\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.imoney.my\/articles\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4\",\"name\":\"Emmanuel Surendra\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g\",\"caption\":\"Emmanuel Surendra\"},\"description\":\"Emmanuel writes to live. Prior to iMoney, he was a subeditor at The Malaysian Insider and a freelancer for various publications.\",\"url\":\"https:\/\/www.imoney.my\/articles\/author\/emmanuel-surendra\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"KL High-End Condo Developers Offering More Discounts","description":"This comes on the back of slow property sales in the luxury market. But will this solve woes of unsold units in the capital?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount","og_locale":"en_US","og_type":"article","og_title":"KL High-End Condo Developers Offering More Discounts","og_description":"This comes on the back of slow property sales in the luxury market. But will this solve woes of unsold units in the capital?","og_url":"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount","og_site_name":"iMoney Malaysia","article_published_time":"2018-02-02T03:27:43+00:00","article_modified_time":"2023-10-29T04:11:21+00:00","author":"Emmanuel Surendra","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emmanuel Surendra","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount","url":"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount","name":"KL High-End Condo Developers Offering More Discounts","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"datePublished":"2018-02-02T03:27:43+00:00","dateModified":"2023-10-29T04:11:21+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4"},"description":"This comes on the back of slow property sales in the luxury market. But will this solve woes of unsold units in the capital?","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/high-end-property-on-discount"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/high-end-property-on-discount#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/www.imoney.my\/articles\/category\/news-updates"},{"@type":"ListItem","position":3,"name":"Slow Property Sales Forces High-End Developers To Offer More Discounts"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4","name":"Emmanuel Surendra","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3e6d0ef9a974611998508639c5dedc59?s=96&d=mm&r=g","caption":"Emmanuel Surendra"},"description":"Emmanuel writes to live. Prior to iMoney, he was a subeditor at The Malaysian Insider and a freelancer for various publications.","url":"https:\/\/www.imoney.my\/articles\/author\/emmanuel-surendra"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/33063"}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=33063"}],"version-history":[{"count":2,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/33063\/revisions"}],"predecessor-version":[{"id":59519,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/33063\/revisions\/59519"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=33063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=33063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=33063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}