Kuala Lumpur, Malaysia Demand for residential rental properties on the rise Property Trends Good to Know Popular Locations Sirva Tips Residential rental markets continue to show New condominium launches (smaller units): Mont Mont Kiara Be decisive and avoid having multiple options as persistent increases in price of approximately 5% to Kiara (Solaris Parq, Trinity Pentamont), Desa Parkcity this may result in losing the units. Bangar 30%. (Park Regent), KLCC (Pavilion Bukit Ceylon). Be prepared to be 昀氀exible with options, especially Supply of available properties remains tight and Property management of昀椀ces are raising maintenance Damansara Heights if budgets are tight. rental rates are 昀椀rm. fees due to rising costs and in昀氀ation. KLCC Online property portals re昀氀ect listings that may not Properties can be snapped up solely based on video 1 month’s rent is required for upfront payment for the be available, therefore, it is best to approach the U-Thant/Ampang Hilir viewings, especially those in popular locations that 昀椀rst month of tenancy, and 2 months’ rent for security panel realtor for the most updated property listings. Desa Parkcity are close to international schools. deposit which will be refunded interest free at the Landlords in Malaysia rarely give exclusive end of the tenancy after all charges and damages are Due to limited supply, especially the gated and Taman tun Dr Ismail marketing rights to a sole property agent, therefore, paid. A utilities deposit equal to half a month’s rent is guarded compounds, landlords are in a position to it is common to see multiple listings of the same required. further raise rentals. unit on property portals. There is strong demand within the domestic market as Assignees are advised to start looking for properties home ownership has gotten increasingly expensive. about 2 to 3 months before their arrival date. Due to stiff competition over very limited supply, Landlords seldom wait for more than a month to start the lease and properties are booked up to landlords have become more selective in renting out 2 months before the current tenants move out. their properties and may choose those tenants without pets.