PROPERTY SNAPSHOT 3: What are developments priced at in Bandar Kinrara?

This is the third in a series of four snapshots on Bandar Kinrara. Look out for part four tomorrow.

• We continue our focus on Bandar Kinrara by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the combined average price of condominiums and apartments in the area was RM309 per square foot (psf) in 3Q2014, up 23.4% y-o-y.
   
• Until recently, the landscape in Bandar Kinrara was fairly homogenous, consisting primarily of low-cost apartments and flats. In the 12 months to 3Q2014, the large majority (68.9%) of transactions still fell within the RM201 — RM400 psf range. In the same period, the secondary market had yet to breach the RM600 psf level.
   
• The most expensive addresses is The Zest, an integrated development, with an average price of RM489 psf. 
   
• The next-most expensive address is Sierra Residency, with an average price at RM451 psf. 
   
• Seri Kasturi (RM363 psf) and Merak Apartment (RM344 psf) are next. Both projects are located in Bandar Kinrara 3, are fairly old and cater to low and middle income earners. Between the projects, Seri Kasturi offers units spread out among many four-storey blocks arranged in a cul-de-sac. By comparison, the units at Merak Apartment are housed in one block, albeit with more facilities. 
   
• The most affordable dwellings are led by Kenanga Apartment (RM124 psf), the Taman Puncak Kinrara flats (RM141 psf) and Kinrara Putri Apartment (RM194 psf).

The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data is made available to us.