What residential projects are set to complete in Kuala Lumpur?

One is expected to complete in Q3.

According to a JLL report, while no new prime condominiums were launched in Kuala Lumpur in Q2, the market witnessed the completion of Le Parc, with both The Mansion and Townhomes towers reaching completion.

“Additional projects are scheduled for completion this year, with Savyavasa Tower 1 currently in the finishing stage expected to complete in Q3 2025, while Tower 2 and 3 are planned to initiate the handover process by the end of 2025,” the report said.

Here’s more from JLL:

Sales activity for prime condominiums showed improvement compared to previous quarter. With no new launches, the improvement was modest. Sales were mainly driven by strategically located projects, including relatively new developments and those nearing completion.

With investors maintaining a wait-and-see approach, end-users continued to dominate the market in the quarter.

Modest price increases in the luxury segment

Prime condominium prices experienced modest increases for luxury projects. These increases were driven by projects in premium locations nearing completion. These well-positioned developments offered practical occupancy timelines, appealing to buyers.

Although luxury projects experienced price increases, most developments in other segments maintained their pricing to stimulate sales activity. Developers continued to prioritize boosting sales of their current inventory rather than increasing prices.

Outlook: Limited new launches persist as market awaits improved conditions

New launches will remain limited, with no announced plans for upper-class or luxury developments in the near future. Steady demand will be anticipated, mainly coming from end-users while investors will likely continue to wait for more favorable market conditions.

When market confidence strengthens and buyer sentiment improves, condominium prices will likely experience gradual increments.