PROPERTY SNAPSHOT 4: What’s hot in Kajang?

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

• Older, existing properties have the highest capital appreciation. Based on analysis of transactions by theedgeproperty.com, average prices gained 17.7% y-o-y to RM227 per square foot (psf) in 3Q2014.
• The highest growth in capital values was among affordable apartments, led by Taman Kajang Utama and Taman Cheras Prima, with the average transacted price in the 12 months to 3Q2014  rising 34.3% y-o-y and 32.6% y-o-y respectively. Both are walk-up apartments with low starting capital values, hence even modest gains generate higher relative growth.
   
• In the middle-income segment, the Casa Villa condominium in Sungai Chua grew 28% y-o-y to reach RM215 psf, likely buoyed by the new and adjacent Pearl Avenue, a mixed-use development with ground-floor shops. In the same period, the average price of condominium units at Pearl Avenue was at RM328 psf.
   
• As at June 2015, asking rental yields of medium-cost apartments in Kajang/Bandar Sungai Long central locations appear the highest. The top five properties with the highest indicative rental yields – Plaza Indah (7.6%), Sri Camellia (7.1%) and Sri Ria Apartments (6.4%) – are located in Taman Sepakat Indah, close to the commercial areas of Sungai Chua.
   
• Yields at condominiums in Bandar Sungai Long are also decent, ranging from 4.0% to 5.9%. The rental market here is driven by the student population of the Universiti Tunku Abdul Rahman Sungai Long campus.
   
• The future MRT Sungai Buloh-Kajang Line is expected to boost the rental market because of three new stations at Saujana Impian, Bandar Kajang and Jalan Reko.

View more price trends for Kajang and Bandar Sungai Long here and compare prices of neighbouring developments

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.