THE Real Estate and Housing Developers' Association Malaysia (Rehda) expects property prices in Kuala Lumpur to increase by between 15 per cent and 30 per cent this year-Property prices in the country are likely to rise by an average of 13 per cent overall and by between five per cent up to 50 per cent in certain areas, said Rehda president Datuk Seri Michael Yam who presented the market outlook for 2011 recently-He said the outlook was based on Rehda Institute's Property Industry Survey of 135 Rehda members-According to the survey, 58 per cent of the respondents indicated they have increased their launch prices by an average of 11 per cent, ranging from five per cent to 40 per cent, in H2 2010-For H1 2011, Yam expects terraces and semi-dees to be "the most popular" among buyers followed by condominiums and apartments-"Properties priced between RM100,000 and RM500,000 are the most sellable- Overall, market sentiment is positive, new launches are anticipated to rise in H1 2011 and prices would go up as costs are predicted to increase," he added-...

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