The median sale at Bandar Kinrara Puchong, Selangor, Malaysia is RM 260,000
Bandar Kinrara is conveniently located such that it acts as a gateway that connects Puchong, Selangor and Bukit Jalil, Kuala Limpur. It is 30km away from Putrajaya, 35km from Kuala Lumpur International Airport (KLIA) and only 8km from Bandar Sunway.
I&P Group Sdn Bhd, the master developer of Bandar Kinrara, started with Bandar Kinrara 1 (BK1) in 1991 and gradually expanded up to Bandar Kinrara 9 (BK9).
Comprising 1,904 acres of freehold land. In 1991, today Bandar Kinrara is divided into sections BK 1-9, of which BK 1-3 are located on the right of Bukit Jalil Highway whereas the rest are on the left side.
Early projects in Bandar Kinrara were mostly landed homes consisting mid-range 1 and 2-storey houses. As the working population grew, non-landed residences were introduced, especially low to medium-cost ones, including Kenanga Apartment, Sri Tanjung Apartment and Merak Apartment.
The LRT extension project and the Bukit Jalil City (5km away) will stimulate further growth in the market value of Bandar Kinrara.
The completion of the extended Sri Petaling Line saw two stations in Bandar Kinrara that are the Alam Sutera and Kinrara BK5 stations. Meanwhile, Bukit Jalil City will house the shopping mall, Pavilion 2.
It is linked to major highways such as Shah Alam Expressway (KESAS), Damansara-Puchong Highway (LDP), Middle Ring Road 2 (MRR2), KL-Putrajaya Expressway (MEX), South Klang Valley Expressway (SKVE), New Pantai Expressway (NPE), and NKVE-ELITE Expressway and soon will be accessible via Kinrara-Damansara Expressway (KIDEX) and Serdang-Kinrara-Putrajaya Expressway (SKIP).
Capital appreciation and growth
Bandar Kinrara have more than doubled from 2010, while high-rise properties are also seeing steady price growth since 2013. The hike in prices of landed homes has made high-rise properties more attractive to homebuyers.
In terms of rental yields, property agents concur that those who bought the low to medium-cost apartments in Bandar Kinrara about 10-15 years ago, have enjoyed good yields. The average rental yields are between 5% and 6%.
Bandar Kinrara tends to rely on growth in neighbouring townships, such as Puchong, Bukit Jalil and residential areas along Jalan Puchong.
The LRT extension project for the Ampang Line, which starts from the Sri Petaling station, passes through Kinrara before ending in Putra Heights. There will be two stations in Bandar Kinrara — Alam Sutera and BK5.
The Alam Sutera station is located in between BK1 and BK9, about 10 minutes’ walk from The Zest, and the BK5 station is located in between BK2 and BK5, right in front of the Giant hypermarket and 8 Kinrara. The distance from the two stations is 3.5km.
Bukit Jalil City is just 5km away from these two locations. The 50-acre integrated development, a collaboration between Malton Bhd and Kuala Lumpur Pavilion Sdn Bhd, is slated for completion in 2019.
Amenities and Facilities
The presence of an international cricket stadium, Kinrara Academy Oval and the 18-hole golf course at Kinrara Golf Club with the Kinrara Resort right next door have influenced the increase in property values.
For potential family home owners, this would be an ideal location to raise your children as there are not only many primary and secondary schools such as SJK (C) Yak Chee, SK Seksyen 1 Bandar Kinrara, SK Seksyen 2 Bandar Kinrara, SMK Seksyen 3 Bandar Kinrara and SMK Seksyen 4 Bandar Kinrara but also within close vicinity are higher education institutions such as Limkokwing University of Creative Technology, International Medical University (IMU), APIIT, Sunway University and Monash University. The youth centre with futsal arenas and badminton courts is an added incentive.
Other amenities include the IPD Serdang Police District Headquarters, the Al-Ehsan mosque, Charis Baptist Church, Hindu Temple BK 1, Giant hypermarket, banks and innumerable eateries.
|Project / TownShips||Type||Median Price Psf||Median Price||Filed Transactions|
|Bandar Kinrara||Terrace House,Semi-Detached House,Detached House,Low-Cost House,Condominium/Apartment,Cluster House||RM 449||RM 989,845||1447 Transactions|
|Seri Kasturi||Condominium/Apartment,Flat||RM 360||RM 339,409||250 Transactions|
|Vista Lavender||Flat,Condominium/Apartment||RM 273||RM 239,843||242 Transactions|
|Kinrara Residence||Terrace House,Detached House,Semi-Detached House||RM 574||RM 1,599,921||216 Transactions|
|Taman Mawar, Bandar Kinrara Puchong||Terrace House,Flat,Condominium/Apartment,Semi-Detached House,Low-Cost House||RM 242||RM 366,214||164 Transactions|
|Suria Kinrara||Hotel/Service Apartment,Condominium/Apartment,Flat||RM 291||RM 206,226||151 Transactions|
|The Zest @ Kinrara 9||Condominium/Apartment,Hotel/Service Apartment||RM 465||RM 539,735||106 Transactions|
|Taman Damai Utama||Terrace House,Semi-Detached House,Flat,Detached House||RM 424||RM 1,137,681||93 Transactions|
|Taman Puncak Kinrara||Flat,Terrace House,Condominium/Apartment||RM 235||RM 214,855||72 Transactions|
|Taman Bukit Kuchai||Terrace House,Low-Cost House,Detached House,Semi-Detached House||RM 222||RM 456,643||70 Transactions|
Rent and Sale Prices in Bandar Kinrara Puchong
|Bedrooms||Sale Price||Monthly Rent||Rental Yield|
|1||RM --||RM --||--|
|2||RM 355,565||RM --||--|
|3||RM 348,100||RM 1,406||4.85%|
|4||RM 680,539||RM --||--|
|5||RM --||RM --||--|
Price per Square Foot
|Sector||Price Psf (Non Landed)||Price Psf (Landed)|
|Area Average||RM 285||RM 426|
|State Average||RM 272||RM 297|