There is an interesting situation during this round of recession. Landed properties steal the shine from apartments. If you monitor closely pricing trend of landed properties in the Klang Valley, the price is on upwards trend and in fact it is escalating even faster than the speed in 2007. For instance, asking prices of landed homes in some saught-after areas in PJ, Kepong and Puchong have soared approximately 10% in just these 2-3 months. As for normal apartments, prices are rather stagnant.

Meanwhile, prices of high-end condominiums in KLCC and Mont'Kiara are now stabilised after experiencing a sharp drop of 20%-30% early this year. Demand for this kind of properties is still weak but the are no fire-sales.

It seems you are too bullish on MK. My sister's unit in one of the recently completed condominiums in MK still remain untenanted and unsold since Jan'09.

Based on an insiders info from my friend working in loan department of a local bank, most of the home loans (for secondary market) nowadays are from landed properties actually.

While new apartment launches tend to be priced higher and higher, secondary market for this segment is not hot enough and the price is rather subdued, at this point in time. You may see asking price of some units is high, but you should see the actual demand and transaction. Secondary market of apartment is still trying to play catchup with new launches.

It's slightly better than early this year. In Feb'09, the asking price dropped >20% from 1 year earlier. And now, the asking price increase marginally only and she is willing to dispose it off by a 20% margin compared to the developer's launching price 3 years ago. But there is still no takers and very few enquiries even though the unit has been put in the market for months.

One of the newly completed projects.

I would rather trust myself who is in the development field rather than those agents who tend to create a "feel good" factor. Don't listen to those people and asking prices, "actual sales" from my real experience would tell me everything.

As mentioned in one of my earlier posts, I do agree that prices in MK has stabilised and slightly increased compared to early this year. But it is still not good enough to cover back the 20% drop experienced in Jan/Feb'09. Besides, the percentage of increase is marginal as compared to landed properties.

Actual sales information could be derived from those big players (developers I mean, NOT agents). As such, you could get a more accurate scenario.

If you like the locality and product, just buy it as market will not wait for you.