PROPERTY SNAPSHOT 4: What’s hot in Bukit Jalil?

This is the final part in a series of four snapshots on Bukit Jalil.

•    Today, we look at price growth and indicative asking rental yields for non-landed residences in Bukit Jalil. 

•    The existing property market in Bukit Jalil has already benefitted from the flurry of new developments and infrastructure upgrades. Analysis of secondary transactions by theedgeproperty.com reveals that all properties have benefitted. The average transaction price of most properties grew by an average of RM50 per square foot (psf).

•    Sri Rakyat recorded the highest growth of average price per square foot (psf), up 30.7% y-y to RM175 psf in the 12 months to 3Q2014. The strong price growth here is attributable to its low price base. The next top performing property is Vista Komanwel Block C, with its average transacted price up 24.3% y-y from RM324 to RM403 psf.

•    Based on asking rental yields observed as at June 2015, Sri Rakyat clearly take the lead. With a low capital value and compact unit sizes (typically 670 sqft for a 3-bedroom unit), the annual yield is an impressive 8.3% as this is the only place where one could rent an entire unit for under RM1,000. The average asking monthly rent is RM790 or RM1.20 psf. 

•    The Vista Komanwel condominiums also generate decent rental yields between 5.0 – 6.0%. Rental demand here is supported by its proximity to International Medical University and Sri Petaling LRT Station. Most other developments in Bukit Jalil yield below 4.5%. 

•    Among existing properties, the Treez Jalil Residence, the Sri Rakyat Apartments and the Jalil Damai Apartments would be located closest to the upcoming Pavillion 2 mall in Bukit Jalil City.

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

Related stories:
PROPERTY SNAPSHOT 1: Bukit Jalil growth spurt
PROPERTY SNAPSHOT 2: What’s affordable in Bukit Jalil?
PROPERTY SNAPSHOT 3: What are developments priced in Bukit Jalil?