PROPERTY SNAPSHOT 4: What’s hot in Sentul?

•    Today, we look at price growth and indicative asking rental yields for non-landed homes in Sentul, Kuala Lumpur. From analysis of transactions by TheEdgeProperty.com, the average transacted price for non-landed homes in the secondary market was RM424 psf in 1Q2015, up 38.3% y-o-y, primarily due to a lack of low-end transactions.

•    Average prices have grown across the market. The highest relative price growths were observed among the mid-cost properties, in part due to their lower capital bases. The top three performers are located in Bandar Baru Sentul, led by Pangsapuri Bandar Baru Sentul, Pangsapuri Villa Angkasa and Menara Orkid, with average transacted prices up 38% y-o-y, 25.9% y-o-y and 24.9% y-o-y, respectively.

•    Among the condominiums, the highest absolute price growth was at 1 Sentul, where the average price grew 21.6% y-o-y, or RM91 psf, to reach RM511 psf in the 12 months to 1Q2015.

•    Observed asking rentals vary based on location and product. The newer upmarket condominiums generally command rents above RM2.00 psf. With the completion of The Capers and The Fennel, the large incoming supply is likely to keep rents attractive for tenants.

•    Annual indicative yields are fairly decent, ranging from 4.3% to 6.5% per annum. The highest indicative annual yields, at 6.5%, can be found at Menara Orkid in Bandar Baru Sentul. Rental demand here is likely driven by its location within walking distance of the Sentul LRT Station.

Click here for the price trends at 1 Sentul.

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