According to a report by KGV-Lambert Smith Hampton (M) Sdn Bhd, property values in this area will continue to appreciate due to its location and demand for retail and accommodation. Due to the huge demands by tourists, room rentals have skyrocketed, which resulted shop lot rentals and sales to increase as well.
In terms of pricing, the price depends on what street the shop lot is located. If the unit is located at the 2-storey pre-war building along Jalan Petaling, the price would be around RM2.8 million to RM3.2 million for built-up size of 1,800 sf to 2,400 sf. Meanwhile, other units at neighboring roads are about RM1,000 psf.
Tourists should be careful when shopping around Petaling Street, as there are a number of pickpockets hovering around. As the road is crowded at most times, you have to be aware of your belongings whenever somebody is near to you.
Nonetheless, Petaling Street is a bustling market that serves as a bargain hunter's paradise. It is loved by the foreign tourists as well as locals. Hence, if your product is a bargain item or Malaysian handicraft, Petaling Street would definitely welcome you.