Kuala Lumpur City Hall (DBKL) advisory board member Rizalman Mokhtar said high property prices in the city as a result of corruption was a "possibility".

"The possibility of (corruption as) a contributing factor is definitely there but it is still too early for us to justify the investigations by the Malaysian Anti-Corruption Commission (MACC).

"If the rakyat wants to know, we also want to know...," Rizalman told reporters when met after flagging off the Information Department's Jalur Gemilang Merdeka convoy at the Bandar Tun Razak fire station in Kuala Lumpur this morning.

Rizalman, who is also DBKL housing committee chairperson, was asked if the recent DBKL graft case exposed by the MACC contributed to the high prices of properties in city and the disproportionate number of high-end developments.

The MACC on Aug 16 arrested a senior DBKL official with the "datuk seri" title who is believed to own 31 luxury condominium units worth RM15.5 million which he purported received for collaborating with housing developers.