Floods putting PJ’s commercial appeal, property values at risk

PETALING JAYA : A real estate group says recurring floods in Petaling Jaya are fundamentally affecting property prices and damaging the city’s reputation as a prime commercial hub. Torrential rain triggered flash floods across parts of the Klang Valley last week, including parts of Petaling Jaya, some of which were inundated for the third time this year.

The Malaysian Institute of Estate Agents (MIEA) said it is “deeply concerned” by the recurrent and intensifying flood pattern, which is permanently reshaping the valuation of Petaling Jaya’s commercial real estate market.

…