City & Country: Red Hot
There has been a rush for landed property in the Klang Valley in recent months, sending prices skyrocketing. Demand has surged especially for terraced houses in established neighbourhoods such as SS2, Damansara Jaya and Taman Tun Dr Ismail.
The rise in interest rates in Malaysia is not likely to have an adverse impact on the property sector as the percentage of increase is not high, managing director of property consultancy CB Richard Ellis Malaysia (CBRE Malaysia