KUALA LUMPUR: The retail market in the Klang Valley is expected to remain weak due to cautious consumer spending, even though there was a slight recovery in the previous quarter, according to DTZ Nawawi Tie Leung Property Consultants Sdn Bhd (DTZ Malaysia). In its quarterly property research report, DTZ Property Times 2Q2009, it said although the consumer sentiments index (CSI) in 1Q2009 showed a slight recovery 7.5 points from the previous quarter, consumers were reducing their spending on concerns the economy could deteriorate.

KUALA LUMPUR: Buyers’ interest in Kuala Lumpur residential property has started returning in the second quarter of this year, particularly towards the later part of the quarter, according to DTZ Nawawi Tie Leung Property Consultants Sdn Bhd. In its DTZ Property Times 2Q2009 report, the research report showed buyers’ confidence within the residential property market was buoyed by the recent stock market rally on Bursa Malaysia, which restored investor’s confidence somewhat, especially towards high-end residential properties.

Conditions in the Klang Valley’s property market remain challenging, according to a property market report from global estate agent DTZ. DTZ said the office property sector faces downward pressure on rental and capital values due to weak demand and the new supply that will be completed in the next few years.