indepth Housing price growth remains stable in Old Klang Road

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.

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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 e-weekly on Feb 19, 2021. You can access back issues here.

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