Kuala Lumpur DIGEST, Q3 2023
Cautious outlook as growth remains lacklustre
Key Highlights:
- Business and consumer sentiment declined but still cautiously optimistic
- Total sales doubled to RM862 million, dominated by office assets
- Office occupancy increased to 76.1% driven by flight-to-quality and relocations
- Retail sales grew 2.7% with shopping activity at pre-pandemic levels
- Launch of 180-unit The Lantern @ Bangsar priced at RM1,400 psf
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