• Jalan Ipoh is one of the oldest roads leading to Kuala Lumpur’s city centre, with the main road flanked by older shophouses while the residential landscape consists primarily of low-density terrace houses and some apartments / condominiums.

• With the exception of developments within YTL’s Sentul West, this is a predominantly mid-end market. In 3Q2014, the average price per square foot (psf) of non-landed properties stood at RM395 psf while the average transacted price of a unit was RM435,000.

• Based on theedgeproperty.com’s analysis of transactions in the 12 months to 3Q2014, the RM300,001 – RM400,000 price range accounted for the largest market share of transactions (29%).

• Transactions within RM400,001 – RM500,000 accounted for the second largest market share (22.9%). Average prices are likely to increase as newer and more expensive projects are launched.

• Some 2.3% of transaction was for units above RM1.0 million. These were for the 3-bedroom units at The Maple in Sentul West, the area’s most expensive development with an average transacted price of RM1.0 million.

• Other highly priced developments include Villa Angsana (RM560,000), Sang Suria (RM553,000) and Rivercity Condominium (RM533,000).

• The older developments are more affordable, including Permai Ria, with an average transacted price of RM241,000, Pelangi Indah (RM256,000), Menara KLH (RM289,000) and Menara Megah (RM325,000).

• These developments are targeted towards the affordable market segment with 3-bedroom units generally ranging from 850 to 1,100 sq ft.

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.

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PROPERTY SNAPSHOT Renewed interest in Jalan Ipoh

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