The median sale at Kepong, Kuala Lumpur, Malaysia is RM 245,000
Back in the 1860s, the Kepong area in northwest Kuala Lumpur was a major tin mining area. The tin mining activities led to the formation of a few Kampung Baru (New Villages) that housed a large Chinese population. Today, Kepong remains a township with a predominantly Chinese population.
Situated near the border of Kuala Lumpur and Petaling Jaya, Kepong is strategically located about 12 kilometres from Kuala Lumpur city centre and 10 kilometres from Petaling Jaya.
It is a highly sought-after residential area due to the spreading concept of a balanced lifestyle. Geographically, Kepong is surrounded by 600 hectares of pristine forest land.
High-end enclaves such as Desa ParkCity and Mont’Kiara are located close to Kepong. Other notable residential areas are Taman Bukit Maluri, Kepong Lama, Kepong Baru, Bandar Menjalara, Bandar Sri Damansara and Jinjang.
It is accessible via several highways and main roads such as the Middle Ring Road 2, Lebuhraya Damansara-Puchong, Duta-Ulu Klang Expressway, Jalan Kuching and Jalan Kepong.
In addition to the KTM stations, Kepong’s new property development boom was sparked by the announcement in mid-2016 of the Mass Rapid Transit (MRT) Sungai Buloh-Serdang-Putrajaya Line 2 and that seven of the 26 proposed stations along the route will be located in Kepong, namely Damansara Damai, Sri Damansara West, Sri Damansara East, Kepong Sentral, Metro Prima, Kepong Baru and Jinjang. The line is expected to be completed by 2021 or 2022.
Since 2018, Kepong and its surrounding areas are seeing more redevelopment efforts and new infrastructure, such as the completion of several new highways and road widening projects, hypermarkets and commercial hubs. Newer developments in Kepong are mainly high-rise due to Kuala Lumpur City Hall’s (DBKL) density policy and lack of large tracts of development land.
The demand for residential properties in Kepong comes not only from existing families in Kepong but also new residents who are attracted by its ready amenities and location between Petaling Jaya and Kuala Lumpur city centre. Thus, Kepong’s property market will continue to be supported by its good location.
Amenities in the vicinity include local and international schools, colleges, shopping malls, hypermarkets – Aeon and Tesco, wet markets in Kepong and nearby Selayang, banks, eateries, restaurants and hospitals (ParkCity Medical Centre). Most of the schools are Chinese schools, bearing witness to it local community. The bustling township has parks and nature reserves, such as the Forest Research Institute of Malaysia (FRIM), Kepong Metropolitan Park in the north of Jinjang and Bukit Lagong Forest Reserve.
Kepong is well known as a food haven for Chinese cuisine ranging from steamboat, bak kut teh, dim sum, be it in stalls in hawker centres to more upmarket restaurants such as Sin Choi Wah Restaurant.
For more information on Kepong, check out the following stories:
|Project / TownShips||Type||Median Price Psf||Median Price||Filed Transactions|
|Kepong Baru||Terrace House,Semi-Detached House,Detached House||RM 401||RM 624,579||319 Transactions|
|Taman Bukit Maluri||Terrace House,Flat||RM 377||RM 755,995||263 Transactions|
|Taman Fadason||Flat,Condominium/Apartment,Terrace House||RM 320||RM 312,676||222 Transactions|
|Mutiara Magna||Flat,Condominium/Apartment||RM 215||RM 142,763||185 Transactions|
|Laman Damai (Li Garden)||Condominium/Apartment,Flat||RM 275||RM 178,792||180 Transactions|
|Taman Pusat Kepong||Flat,Condominium/Apartment||RM 176||RM 159,657||164 Transactions|
|Greenview Apartments||Condominium/Apartment,Flat||RM 197||RM 162,411||161 Transactions|
|Fortune Avenue||Condominium/Apartment,Hotel/Service Apartment||RM 409||RM 488,899||145 Transactions|
|Taman Kepong (Kepong Garden)||Terrace House,Detached House,Semi-Detached House||RM 392||RM 722,383||129 Transactions|
|Laman Rimbunan Matahari||Semi-Detached House,Terrace House||RM 658||RM 1,552,282||110 Transactions|
|Bedrooms||Sale Price||Monthly Rent||Rental Yield|
|1||RM --||RM --||--|
|2||RM 378,017||RM 1,350||4.29%|
|3||RM 414,080||RM 1,421||4.12%|
|4||RM 745,509||RM 1,709||2.75%|
|5||RM 1,608,838||RM --||--|
|Sector||Price Psf (Non Landed)||Price Psf (Landed)|
|Area Average||RM 246||RM 401|
|State Average||RM 475||RM 508|