With an additional 1.83 million sq ft of retail space in the Klang Valley during the 2nd half of 2004, vacancy rates remained relatively stable at around 17%.

In the office sector, prime capital values and yields remained unchanged at RM570 per sq ft and 6.8% respectively during the 2nd half of 2004. New supply in 2005 is limited to three buildings with further movement of tenants expected and no real growth expected in rents.

Hotel occupancy rates and average room rates dropped in the 2nd half of 2004 but is expected to recover in 2005 in line with the expected increase in tourist arrivals into Malaysia.

The Property Market Outlook for 2005 for every major town in Malaysia is featured in the WTW Property Market 2005. The annual market report was released by Managing Director of C H Williams Talhar & Wong Sdn Bhd, Goh Tian Sui at a press conference held in Kuala Lumpur on 25th February 2005.

• In the Klang Valley , it is believed that REITs will play a significant role in the market before the year 2005 ends

Luxury Condominiums in Kuala Lumpur reached unprecedented prices in 2004, breaching the RM1,000 per sq ft mark for units in the city centre. Asking prices for units in Kenny Hills and Bangsar are as high as RM995 per sq ft and RM798 per sq ft respectively.

For more details,click here.

Media release of results of survey conducted by WTW held on 8th December 2004 in Kuala Lumpur

?A survey of 150 CEOs represented by a cross-section of businesses and professions are of the view that demand for landed residential properties continues unabated into 2005? announced the Managing Director of C H Williams Talhar & Wong Sdn Bhd, Mr Goh Tian Sui.

The annual Chief Executive Officers (CEO) survey conducted by WTW is to ascertain the views of CEOs on the prevailing market conditions and their expectations for the coming year.

For full report, please click at WTW CEO Opinion Survey 2005.