Share
Old Klang Road (OKR) has recorded 510 residential property transactions in 2019 at an average transacted price of RM532,738 or RM434 psf. Meanwhile, in 2020, 123 residential properties changed hands at an average price of RM479,598 or RM486 psf, according to EdgeProp Research.
Read also
Old Klang Road rentals remain intact
Old Klang Road: Oversupply of high-rise homes?
Looking at past transaction prices (average psf) from 2012 to 3Q2020, residential properties in OKR have enjoyed a healthy growth over the years.
Amongst all segments, terraced houses recorded the highest price growth of 78%, where average selling price (psf) increased to RM478 from RM268 in 2012, while bungalows and semidees recorded price growths of 48% and 29% respectively.
The condominium segment (including serviced apartments) saw a price growth of 73% to RM409 psf from RM236 psf in 2012.
This story first appeared in the EdgeProp.my e-weekly on Feb 19, 2021. You can access back issues here.
Get the latest news @ www.EdgeProp.my
Subscribe to our Telegram channel for the latest stories and updates
TOP PICKS BY EDGEPROP
Bandar Puncak Alam
Bandar Puncak Alam, Selangor
Pangsapuri Orchid View Luxury Apartment
Johor Bahru, Johor
TriTower Residence @ Johor Bahru Sentral
Johor Bahru, Johor
Taman Bukit Indah @ Iskandar Puteri
Johor Bahru, Johor
